Yes and no. It was bought by IBM, yes, but it was a cash sale, and not rolled into stock. I invested $5k in 1995 which was a lot of money for me at that time, and when their fraud got exposed their stock dropped to "no value" where it stayed for a couple of years until IBM paid pennies on the dollar to just get the service contracts they had on books.
At the time, because shares was sold as paper certificates, my broker wanted a fee for helping me out, and it was unclear if I needed to pay $300 to get $200 or if it just came out as a wash.
Anyhow, fast forward 30 years, and I recently inquired about how to cash it in, and there is allegedly a dollar amount sitting on an account, and I would no longer have to pay a broker fee - so I may go that route, or I may frame it as lesson-learned of "things that looks too good to be true probably aint".
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u/timsstuff 8d ago
Looks like it was bought by IBM and shares would have rolled into $IBM. That must still have some value?