Articles about Cit Group

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Dell borgs CIT financing partnerships in Canada, Europe

Being an IT giant, as Dell wants to be, means controlling your own leasing and financing arm. And so Dell is taking control of the financing arms that it ran in conjunction with CIT Group in Canada, and of Dell-related assets for CIT Group's operations in Europe. CIT Group's Vendor Finance operation is one of the big names in IT …
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Dell partner CIT dodges bankruptcy

Financial services giant CIT Group, which dabbled just a bit too much in subprime mortgages, is on the verge of getting some $3bn in emergency financing from its bondholders in order to avert bankruptcy, according to Reuters. There are two IT angles to this story. Firstly, CIT is a long-time partner of PC and server maker Dell, …
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Penguin floats hybrid Linux supers

Linux supercomputer maker Penguin Computing is ramping up its use of nVidia Tesla graphics processing units as co-processors for its x64-based Linux clusters. Back at the SC08 supercomputing show in November, Penguin was showing off what it called a "personal supercomputer," the "Bumble Bee" Niveus HTX workstation, which uses …
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Verari, Rackable look to leasing

When times get tough and companies want shiny new servers but also to conserve their cash, the talk at the bargaining table almost always turns to leasing. The big server makers, like IBM, Hewlett-Packard, Dell, and Sun Microsystems, have their own financial arms that can move a server deal from the capital budget over to the …

Why I won't buy a Dell next time

Comment I recently bought a "Vista capable" desktop PC from Dell. It was a good opportunity to play the secret shopper and report the experience as an ordinary consumer, instead of reporting as a tech journo reviewing hardware supplied by the maker and tweaked to perfection before delivery. I had bought a PC from Dell years ago and had …
Thomas C Greene, 04 Apr 2007