Company Report: FOR INTL BUS MACH(IBM) provided BY CIBC WORLD MARKETS CORP.

CIBC World Markets Corp. issued Company Report January 23, 2004: AGILENT TECH, ADAPTEC, APPLD MICRO CIR, AVANEX CORP, BOOKHAM TEC ADR, BROADCOM CORP, CONEXANT SYS, CISCO SYSTEMS, COMMSCOPE INC, CYPRESS SEMICON, EMC CORP -MASS, EMULEX CORP, EXAR CORP, FINISAR CORP, INTL BUS MACH, INTEGR DEVICE, LSI LOGIC, ZARLINK SEMICON, QLOGIC CORP, PMC-SIERRA INC, TRANSWITCH CORP, JDS UNIPHASE CP, VITESSE SEMICON, CORNING INC, MARVELL TECH GP, STRATOS INTL, EXFO ELECTRO, OPLINK COMMNCTN, OPTICAL COMM