INDUSTRY
IBM Offers 'Triple-Zero' Financing
ARMONK, N.Y. -- IBM announced "triple-zero" financing for mid-size and large enterprise customers, involving zero down, zero payments and zero interest until 2003. The company said the financing package represents a no-charge deferral of financing payments for 90 days. IBM also announced "significant enhancements" to its software financing offers. Rates as low as 3.1% are available to qualified customers to finance all IBM one-time charge software, such as WebSphere and DB2 database products. As well, the minimum transaction amount to be financed has been reduced to $25,000.