RE: Developer Lease to 1.75%????

["Walden H. Leverich" <WaldenL@xxxxxxxxxxxxxxx>]

Actually it was 1% before. ICC (um, IGF) couldn't handle a 1% lease so it
was written as a 2% lease of a 50% discount, but at the end of the day that
is 1%. Also, the previous lease was a 24 month lease with a 12 month opt out
so you could stay more current.

-Walden


------------
Walden H Leverich III
President
Tech Software
(516) 627-3800 x11
(208) 692-3308 eFax
WaldenL@TechSoftInc.com
http://www.TechSoftInc.com

Quiquid latine dictum sit altum viditur.
(Whatever is said in Latin seems profound.)



-----Original Message-----
From: Booth Martin [mailto:Booth@MartinVT.com]
Sent: Monday, June 10, 2002 11:04
To: midrange-l@midrange.com
Subject: Re: Developer Lease to 1.75%????


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Wasn't it 2% before?  That's an attractive rate isn't it?  1.75% of a $25
000 system is... $450/month? On the face of it that sounds reasonable to me.

-----------------------------------------------
Booth Martin
Booth@MartinVT.com
http://www.MartinVT.com
-----------------------------------------------
-------Original Message-------

From: midrange-l@midrange.com
Date: Monday, June 10, 2002 10:56:04 AM
To: 'midrange-l@midrange.com'
Subject: Developer Lease to 1.75%????

I just got the following in an e-mail from IBM, this is a joke, right?

"Effective June 7th, the lease rate for the developer lease offering will
change to 1.75% of list price. The affected platforms are, iSeries, pSeries,
Storage Systems and Retail Store Systems (Point of Sale). The lease term
duration is 24 months with no early termination option."

The last thing IBM should be doing is making it harder for software
developers to get a machine and stay current on it. Does anying have any
insight into this?

-Walden

------------
Walden H Leverich III
President
Tech Software
(516) 627-3800 x11
(208) 692-3308 eFax
WaldenL@TechSoftInc.com
http://www.TechSoftInc.com

Quiquid latine dictum sit altum viditur.
(Whatever is said in Latin seems profound.)
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