IBM Lowers Interest Rates on Low Rate Financing Deal
November 13, 2006 Timothy Prickett Morgan
Big Blue is jerking around the interest rates on its Low Rate Financing deal again, and this time, it is lowering the rates it is charging to finance IT hardware, software, and services so it can boost sales in the fourth quarter. On September 19, IBM raised the financing rates on the Low Rate Financing deal for the second time in 2006, and now the rate has gone down. Interest rates have, by the way, been more or less stable during this time, so IBM is clearly using its ability to borrow money very cheaply to help customers finance gear, |