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IBM Kicks Off Third Quarter with New Financing Rate on Expanded Range of Products


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ARMONK, N.Y - 02 Jul 2001: IBM today announced a reduction in its low interest rate available to customers on an expanded range of IBM products. The below-market financing rate -- now as low as 5.3 percent* -- offering is available to qualified customers through IBM Global Financing, the information technology industry's leading financier.

"Customer response has been strong to IBM's Low Rate Financing offering since it was announced earlier this year," said Catherine E. Manion, general manager, IBM Global Financing, Americas. "Clearly, companies understand that to remain competitive they must invest in IT hardware, software and services to create a solid e-business infrastructure. IBM Global Financing can help customers conserve and better manage their cash flow by providing financing choices -- with payment deferrals or low rate leases and other attractive alternatives to help customers purchase the technology they need, when they need it."

Low Rate Financing is an offering first announced in February 2001 that provides low-rate financing to qualified customers on a spectrum of IBM eServers, PCs, retail store systems, storage and networking products, printers and services. This special rate is available to customers in North America and in Argentina, Brazil, Chile and Mexico.

Additional products are available for Low Rate Financing in the third quarter, including eServer xSeries acquisitions valued at $50,000 or more, and a powerful, e-infrastructure solution, being announced today by IBM's Web Server unit, that includes eServer pSeries p640 or p660 servers combined with IBM WebSphere Application Server and DB2 Universal Database or Tivoli Storage Manager. In addition, the total amount that can be financed at the lower rate has been increased to $1 million. Also, IBM Storage products can be financed up to an additional $1 million and, for a limited specific combination of Web servers and software products, the total amount available for lease financing can be up to $2.5 million.

Additional details on eligible IBM products and offering descriptions are available from IBM Business Partners, IBM client representatives or at www.ibm.com/financing.

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Global Financing
Hardware leasing, software and services financing, commercial financing, inventory, accounts receivable, term loans, acquisition financing