Thanks, now I can tell it is running the ping, and I went ahead and modified my code to this now:

#! /bin/ksh
List=pinglist1.txt

cat $List | while read ip
do
Pingable=""
ping -c 2 $ip | awk '/100%/ {print "no"}' |read Pingable
if [ "$Pingable" != "no" ]
then
print $ip "PINGS">>pingresults.txt
else
print $ip "DOESN'T PING">>pingresults.txt
fi
done


AND the results:
UX:sh (ping1.sh): ERROR: print: not found

Do I need to have a print.pl or something uploaded to that directory?