Articles about Financing

Show us the money: Big Mike told to up his game if he wants Dell

Big Mike has been advised to up his offer for Dell after activist investor Carl Icahn finally managed to scrape together the cash to back his refinancing proposal. The eponymous chief was sitting pretty a short time ago when it was rumoured that Icahn was having trouble raising the $5.2bn in funding needed to revamp the firm …
Dell logo in crosshairs

Icahn scratching head over BEEELLLIONS needed for Dell deal

Carl Icahn could be ready to walk away from the Dell rescue deal after reports suggested he's finding stumping up the cash for the refinancing plan a little more difficult than he'd hoped. Sources told CNBC and the New York Post that Icahn is having second thoughts about the billions needed to finance the offer for Dell put …
Suitcase bulging with cash

Big Blue hands bulging $4bn suitcase to partners to grease IT sales

In the hope of pumping up sales of hardware, software, and services over the next 12 months, IBM is taking $4bn of its own cash and giving it to its Global Financing arm to originate leases over the next year. Big Blue is hoping to clear the way for enterprises of all sizes to get financing, when the banks might be a little …
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IBM does financing deals for Power, storage kit

It's a new year and a new first quarter and a new and somewhat challenging economy in North America, and therefore IBM is offering financing deals in the United States and Canada. Last week, Big Blue rolled out a zero per cent financing program called Fast Start Financing that, as the name suggests and as the company has done …
server room

HP woos IT shops with leasing deals

Hewlett-Packard has a new CEO in Meg Whitman, but it has the same fiscal year that ends in October and the same mis-match between its own quarters and those of the bulk of the companies in the world who buy its IT wares. Its major buyers all end their fiscal years in December. What's an IT vendor to do to bump up revenues? …
cloud

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 …
The Register breaking news

Groupon drops $500m in piggy bank, eyes world hungrily

Groupon confirmed yesterday that it has already raised more than half of the $950m it is seeking in a monster equity funding round. The Chicago-based ecommerce coupon website, which recently shunned a $6bn takeover plan from Google, said in a US Securities and Exchange Commission filing on Thursday that it had cobbled together …
Kelly Fiveash, 31 Dec 2010
cloud

IBM wheels and deals on servers

The engineers and marketeers have got the servers out and polished up their sales pitches, and now it is time for Big Blue to bring in the bankers to close the deals. By virtue of its strong balance sheet and squeaky clean credit rating, IBM can borrow money and therefore lend it at rates much lower than most other companies, …
server room

Server financing: CAPEX, OPEX or something else

Workshop In the current economic climate access to spending money is tight across all businesses. In truth, the spotlight has been thrown ever more closely onto IT spend over the course of the last decade, not just the past two years. This focus on IT spend has brought forward the question of the best way to budget for IT systems and …
Tony Lock, 4 May 2010
hands waving dollar bills in the air

HP bids to boost sales with 0% financing (again)

More than IBM or Oracle, IT supplier Hewlett-Packard is dependent on volume sales to make its top and bottom lines. And with the economy improving but still not in great shape, HP has reanimated some zero per cent financing deals from early last year in the hopes of helping it get a solid start to 2010 in North America. …
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NEC punts 0% financing, deferred payments

Following in the footsteps of the indigenous server makers in the United States, Japanese box peddler NEC has launched zero per cent financing and deferred payment offers for buyers in North America willing to do a deal now, rather than waiting until the economy improves. By offering low-cost or deferred payment financing, …
The Register breaking news

IBM lubricates Obama's IT stimulus

For US companies, state and local governments, and educational institutions, figuring out how to get a piece of the Obama $787bn stimulus package is a drag - and a drag on business. And so, IBM has announced that it is fronting $2bn of its own financing in an effort to speed up IT-related projects that come under the American …
cloud

HP babysits small biz servers

Hewlett-Packard can't afford to have small and medium businesses become deer in the headlights of the economic meltdown. And so, the company is starting to kick out deals and services to make it easier for SMBs to acquire its servers and storage despite the uncertain business climate. Today, HP rolled out a babysitting service …
globalisation

Dell punts green gear with 0% interest

Here's a new twist on an old idea.Dell US announced today that it was extending a zero per cent interest, 36-month financing deal from its high-end EqualLogic disk arrays to laptops and servers suitable for small and medium businesses. But, rather than just providing financing across its whole product line, Dell is only offering …

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