Feeds

IBM offers buy now pay later server deals

Cheapo interest too in Q4 stacker

  • alert
  • submit to reddit

The essential guide to IT transformation

IBM has announced a new global offering
that allows customers to defer all payments
on IBM information technology until 2004, tied to low rate five-year financing deals.

The deal is designed to stack business into IBM’s fourth quarter with payment deferred until afterwards. Shipments must be on or prior to December 31.

The packages are being marketed under the name of the Power of Zero Plus, and are available on a wide range of IBM hardware and software in most parts of the world.

The deal in the US and Canada allows no payment for 90 days, and interest rates set at 3.75 per cent thereafter. The interest rate will vary in different parts of the world.

The deal includes purchases of xSeries, iSeries
and pSeries eServers and selected zSeries eServer models. It also operates on TotalStorage products, PCs, Retail Store Systems, Printing Systems and any software that IBM charges for on a one-time basis. The offering ends December 31, 2003.

You can only finance software if you also buy
some hardware in the same transaction. The deferral period is 90 days for October installations,
60 days for November installations and 30 days for December installations. Transaction sizes must be between $25,000 and $1m and PCs and zSeries eServers require special bid approval.

The whole package comes from IBM Global Financing.

© Copyright 2003 News IS

News IS is a weekly newsletter published by Rethink Research, a London-based publishing and consulting firm. News IS covers the news announcements, business transactions and financial statements of the top 150 or so IT vendors, along with other news of interest to the modern senior IT manager working within data centre technologies. Subscription details here.

Related stories

IBM pounds server rivals in Q3
IBM speeds up low-end server line
IBM up and optimistic in Q3

Boost IT visibility and business value

More from The Register

next story
Pay to play: The hidden cost of software defined everything
Enter credit card details if you want that system you bought to actually be useful
Shoot-em-up: Sony Online Entertainment hit by 'large scale DDoS attack'
Games disrupted as firm struggles to control network
HP busts out new ProLiant Gen9 servers
Think those are cool? Wait till you get a load of our racks
Silicon Valley jolted by magnitude 6.1 quake – its biggest in 25 years
Did the earth move for you at VMworld – oh, OK. It just did. A lot
VMware's high-wire balancing act: EVO might drag us ALL down
Get it right, EMC, or there'll be STORAGE CIVIL WAR. Mark my words
Forrester says it's time to give up on physical storage arrays
The physical/virtual storage tipping point may just have arrived
prev story

Whitepapers

Top 10 endpoint backup mistakes
Avoid the ten endpoint backup mistakes to ensure that your critical corporate data is protected and end user productivity is improved.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up distributed data
Eliminating the redundant use of bandwidth and storage capacity and application consolidation in the modern data center.
The essential guide to IT transformation
ServiceNow discusses three IT transformations that can help CIOs automate IT services to transform IT and the enterprise
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.