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IBM holders rejected a plan to pull out of S. Africa.

April 29, 1986

At the computer maker's annual meeting, the anti-apartheid resolution was supported by less than 7% of the votes cast. Company officials continued to reiterate IBM's parsimonious outlook for 1986, and Chairman-elect John Akers said it will reduce its hiring much more this year than last as it copes with a "demanding" economic climate.

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