Ib Mers May Be Missing Some Links

It's not just mainframe computers that IBM has been forced to give deep discounts on. The company is unloading a country club for employees--one of three in the U.S.--for $12.7 million, well under the $20 million asking price. The wealthy village of Sands Point, N.Y., plans to buy the swanky 208-acre club on Long Island Sound for use of the locals--with its 39,000-square-foot mansion, nine-hole golf course, eight tennis courts, two softball fields, hiking trails, and beach.

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