IBM Announces Fourth Quarter Financing Incentives To Ease Capital Availability Constraints

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ARMONK, N.Y - 03 Oct 2001: -- IBM today announced a range of financing options to help customers manage information technology (IT) budgets and ease cash flow. Effective October 1, 2001, a Low Rate Financing offering -- as low as 5.1 percent -- and a 90 Day Deferral of payment will be available to qualified customers through IBM Global Financing, the world's leading information technology financier.

Customers financing IBM eServer iSeries and pSeries systems shipped between October 1 and December 31 and installed by January 31, 2002 qualify for both Low Rate Financing and the IBM 90 Day Payment Deferral. For other participating IBM brands, customers can choose between the two offerings giving them the flexibility to select the option that best meets their needs.

"Even in today's economic environment, companies continue to invest in information technology to ensure the ongoing productivity and health of their business," said Catherine E. Manion, general manager, IBM Global Financing, Americas. "Given tight capital markets and constrained budgets, it is important that companies have an alternate means of funding IT acquisitions that includes a range of attractive choices."

In a survey conducted earlier this year on behalf of IBM Global Financing, 79 percent of the respondents who planned to increase their financing of IT this year said that conserving cash for strategic investments was a major reason to do so.

IBM's Low Rate Financing offering is available to qualified customers across a range of hardware, software and services providing the simplicity of a single application, single contract and single periodic payment. Low Rate Financing is available in United States, Canada and selected countries in Latin America.

IBM Global Financing is also offering the IBM 90 Day Payment Deferral for IBM eServer iSeries, pSeries and xSeries systems, PCs, Store Systems, Storage and Storage Networking Systems and Printing Systems letting customers who ship by December 31 and install by January 31, 2002 defer payments for 90 days from the date of installation at no charge.

Both offerings are effective through the end of 2001 and apply to qualified customers with transactions between $50,000 and $1 million*. They are available through IBM or IBM-authorized Business Partners and are subject to specified terms and conditions.

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