Dell offering 0% loans to keep IT spending
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Struggling hardware vendor Dell has become the latest vendor to use its finance wing to loosen corporate purse-strings
Hardware giant Dell is offering zero-percent finance and cutting prices for its business customers in the
Dell shares have lost half their value this year, and the company has shed almost 9000 staff since 2007. Its third quarter results, released last week, reported a three percent drop in revenues, although the company was able to boost its profit margins 1.4% to 5.3%.
Dell’s financing move could well be an answer to rival HP, which marked a 10% jump in PC sales in its own quarterly report.
Other large enterprise technology companies with cash reserves, such as Microsoft and SAP, are offering similar programs in the hopes of keeping cash-strapped businesses spending.
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