IBM Announces 0% Financing For IBM Intel-Based Servers

Financing Option Includes Packages For IBM Personal Computing Hardware

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ARMONK, NY - 16 Nov 2001: IBM today announced 0% percent financing options for all IBM eServer* xSeries** products purchased directly or through IBM-authorized Business Partners in the United States for shipments by December 31, 2001, and installation by January 31, 2002. Today's 0% financing option gives customers the flexibility to include IBM storage systems, as well as IBM personal computing products, with the xSeries solution.

"The strength of IBM, in its ability to provide a total solution with financing as an integrated component, differentiates us from the competition," said Bill Doscas, VP Sales and Marketing, IBM Global Financing. "Through the use of this and other financing offerings, IBM is helping customers quickly acquire the technology they need to run their business while lowering the ongoing costs of using and deploying that technology."

Hardware available under 0% financing includes IBM eServer xSeries and related storage hardware, ThinkPad, IntelliStation, NetVista and associated peripheral devices. The 0% financing offer applies to purchases between $5,000 and $500,000. Financing is available for 24 month term only.

Building upon IBM's strength in Intel-based systems to offer more technology at an affordable price, today's announcement broadens IBM solution offerings to the mid-market customer set. Roughly defined as companies with 100-1,000 employees, these growing firms need technology partners that can deliver a complete, integrated solution supported by cost-effective financing terms.

"Coupled with IBM eServer xSeries technology, 0% financing empowers customers to get the solution their businesses need," said Susan Whitney, IBM eServer xSeries. "Today's announcement delivers the superior performance, reliability and scalability of IBM's Intel-based servers at a lower total cost to customers."

As the largest IT financier in the world, IBM Global Financing offers customers in more than 40 countries leasing and financing solutions for hardware, software and services acquired from IBM and other vendors. With more than $46 billion in annual financing originations in 2000, IBM Global Financing also provides flexible commercial financing for inventory, accounts receivable and acquisitions. In the U.S., IBM Global Financing customers are served by IBM Credit Corporation.

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* The IBM eServer brand consists of the established IBM e-business logo with the descriptive term "server" following it.

** IBM and xSeries are trademarks of IBM Corporation.

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