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Symbol Technologies Launches Customer Financing Program With IBM Global Financing


ARMONK, NY & HOLTSVILLE, NY - 25 Sep 2006: IBM Global Financing (NYSE: IBM) and Symbol Technologies, Inc. (NYSE: SBL), The Enterprise Mobility Company™, today announced completion of a five-year strategic financing services agreement, enabling Symbol customers to benefit from more options to finance their enterprise mobility products, software and services.

As Symbol's financing partner, IBM Global Financing will provide Symbol's worldwide corporate and small-business customers with a variety of payment plans to acquire Symbol's hardware, software and services.

"We are excited to extend our relationship with IBM, leveraging their position as the world's leading IT financing company to add value to Symbol customers and partners who desire financing solutions for Symbol-based solutions," said Sandy Preizler, Symbol's vice president of worldwide channels. "Our market-leading enterprise mobility solutions -- paired with the IBM's unique financing capabilities -- enhance our business potential, further building on the Symbol-IBM Global Strategic Alliance."

"Symbol Technologies is a leader in enterprise mobility. This agreement highlights IBM Global Financing's expanding scope of providing non-IBM IT suppliers with the financing tools they need to go-to-market with their end-user clients," said Mark Young, vice president of IBM Global Financing. "With limited capital being an inhibitor to wholesale adoption of enterprise mobility solutions, this deal provides a solution for customers wanting to capture the benefits of this emerging technology."

IBM Global Financing's worldwide presence, with operations in more than 40 countries, and a global sales team of nearly 1,000 finance sales executives will provide a significant base to help support Symbol's corporate plans.

Contact(s) information

Fred Clarke
IBM Media Relations
914.765.6700 (office) 914.715.5986 (cell)
fredc@us.ibm.com

Ed Tan
Symbol Technologies
408.421.5132
ed.tan@symbol.com

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