IBM Gives Clients the 'Power to Choose'

IT Financing Offering Provides More Flexibility for Businesses

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ARMONK, NY - 07 Jul 2004: -- IBM today announced third-quarter financing that allows qualified enterprise and mid-market business clients to choose between making lower payments with reduced financing rates or deferring all payments at no charge until 2005. For qualified clients who choose the financing deferral, no interest is charged during the sliding deferral period and standard financing rates apply when the payments begin in January 2005. As an alternative to the financing deferral, customers can choose the Low Rate Financing offering that is available on a wide range of IBM hardware* and software* to clients at rates as low as 4 percent.

"Financing IT provides a smart alternative to purchase," said John Callies, general manager, IBM Global Financing. "IBM clients take advantage of IBM financing offerings like the Power to Choose for a number of reasons. Foremost among these is the ability to acquire the right technology today to grow their business and drive a faster return on their investment. Financing also provides the ability to upgrade seamlessly, protecting against obsolescence, and can help reduce or eliminate environmental concerns when it comes to disposing of technology."

The 'Power to Choose' offering is available to qualified clients in the Americas for a broad range of IBM hardware and software. Eligible IBM hardware includes zSeries, iSeries, pSeries and xSeries servers, all ThinkPad models and PCs, Printers, TotalStorage and Retail Store Systems products. IBM software eligible for the offering includes one-time charge middleware applications such as DB2 database software and WebSphere.

The Power to Choose financing deferral period ranges from six to four months, depending on when the agreement is completed. For example, U.S. clients who sign in July receive a six-month deferral; August agreements get a five-month deferral and September, four months. The Power to Choose deferral period is additive to the original lease term, which can be between 24 - 36 months. The offer runs through Sept. 30, 2004 in the United States, Canada and selected Latin American countries.

Additional details on eligible IBM products and particular offerings are available from IBM client representatives, selected IBM Business Partners or at

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