BOSTON (AP) – Even as IBM Corp. reports record profits, thousands of its U.S. employees are staring at pay cuts. It's the result of IBM's response to a lawsuit in which it was accused of illegally withholding overtime pay from some technical employees. IBM settled the case for $65 million in 2006 and has now decided that it needs to reclassify 7,600 technical-support workers as eligible for overtime. But their underlying salary – the base pay they earn for their first 40 hours of work each week – will be cut 15 percent to compensate.