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IBM Offers "TRIPLE-ZERO" Financing To Midsize, Large Customers

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ARMONK, N.Y - 28 Oct 2002: IBM today announced financing options to help more midsize to large enterprise customers acquire the information technology (IT) they need today while managing their IT budgets and helping ease cash flow.

Effective immediately are a 90-day "triple-zero" deferral of financing payments and Low Rate Financing -- as low as 4.2 percent on select hardware products -- available to qualified customers from IBM sales representatives and authorized IBM Business Partners.

The "triple zero" offering -- zero down, zero payments and zero interest until 2003 -- is a no-charge deferral of financing payments for 90 days. Combined with attractive low-rate financing for a wide range of IBM hardware and software products and services worldwide, the offerings can enable companies of all sizes and across all industries to take advantage of technology innovation without compromising the bottom-line.

"Many companies today are faced with the challenge of needing to upgrade and expand their technology infrastructure, while at the same time they must manage to constrained capital budgets," said Catherine E. Manion, general manager, IBM Global Financing, Americas. "The combination of our 'triple-zero' and low-rate financing offerings will help our customers effectively address this challenge."

IBM is also announcing significant enhancements to its software financing offers. Rates as low as 3.1 percent now are available to qualified customers to finance all IBM one-time charge software, such as WebSphere and DB2 database products. And to better address the needs of midsize customers, the minimum transaction amount to be financed has been reduced to $25,000, making it even more attractive for midsize customers who choose and qualify for the financing.

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

Additional details on eligible IBM products and particular offerings are available from selected IBM Business Partners, IBM client representatives or at: http://www.ibm.com/financing.

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