3/26/2004 - Sun Microsystems, Inc. (Nasdaq: SUNW) announced programs aimed at helping customers adopt recently UltraSPARC[R] IV technologies as they become readily available in CYQ2 2004. The new offerings are timed with the five-year anniversary of Sun Microsystems Finance to emphasize Sun's commitment to delivering end-to-end solutions. Since its inception as a global capability in 1999, the group has offered Sun customers competitive, innovative financing for their total Sun solution, reducing cost and complexity and enabling customers to continually innovate throughout their entire IT lifecycle.
"Financing is becoming a necessary component to competitive bids around the world regardless of economic conditions, particularly for customers concerned about technology obsolescence and total lifecycle solutions," said Kris Snow, senior director of Sun Microsystems Finance. "Sun has seen an increase in financing needs from customers and potential customers that are looking to finance for a broad range of reasons including better cash-flow management and as a strategic part of their technology refresh program. Sun's financing capabilities are designed to provide value, reduce complexity, and enable innovation for our customers."
Sun Microsystems Finance Introduces UltraSPARC Processor Migration Plans
Aimed at reducing long-term cost and simplifying migration to UltraSPARC IV systems, Sun Microsystems Finance is introducing two special, limited-time offers that make it easy and affordable for customers to acquire UltraSPARC III technology today with a defined migration process to UltraSPARC IV systems:
Both plans are available in the U.S. through Sun sales and Sun authorized iForce(sm) Partners. Offers expire June 30, 2004. All transactions subject to Sun Microsystems Finance credit and/or investment approval.
For more information on the UltraSPARC III processor migration plans please visit: www.sun.com/leasing.
Sun Microsystems Finance Completes Sun's End-to-End Offering
In the five years since its inception as a global capability, Sun Microsystems Finance has grown from having hundreds of millions to over $1.5 billion in assets under management.
A reflection of the business unit's rapid growth, Sun Microsystems Finance currently provides financing solutions to 90% of Sun's customer base and handles transactions from $10,000 to $5 million. Today, Sun Microsystems Finance operates in 25 countries worldwide providing customers with competitive, total solutions financing for all Sun hardware, software, services and related third-party products.
Whether a large or small Sun implementation, Sun Microsystems Finance helps provide customers with flexible, highly affordable financing while easing migration to new technology and providing protection from technology obsolescence.
"For Intuit, it's been the willingess of Sun Microsystems Finance to put together unique programs with creative terms that met our specific requirements," said Ike Schneider, director of Enteprise Computing at Intuit. "As we learned in our extensive search for a financing source, price and flexibility are equally imperative when choosing a financing solution. Business factors change, and if we want to shorten or lengthen our product refresh cycles, with Sun Microsystems Finance we can."
Finance Options Designed for the Total Solution
The expanding range of programs offered by Sun Microsystems Finance offer solutions for current IT challenges:
"Sun Microsystems Finance created a customized plan that enabled us to match our monthly lease payments to our incoming revenues," said Frank Gabriel, vice president of Finance for the State University of New York (SUNY). "They provided extremely competitive financing terms -- better than other financing alternatives with less paperwork. Their staff operated very professionally and worked with us through a smooth process without complications. Looking back, I'd say we negotiated a win-win solution for both parties."
The growing Sun Microsystems Finance product portfolio aims to offer tailored options for different needs including:
This offer is available in the US only through June 30, 2004. All transactions subject to Sun Microsystems Finance credit and/or investment approval.
For more information on Sun Microsystems Finance, please visit http://www.sun.com/leasing/
About Sun Microsystems, Inc.
Since its inception in 1982, a singular vision -- "The Network Is The Computer" -- has propelled Sun Microsystems, Inc. (Nasdaq: SUNW) to its position as a leading provider of industrial-strength hardware, software and services that make the Net work. Sun can be found in more than 100 countries and on the World Wide Web at http://sun.com
Sun, Sun Microsystems, the Sun logo, Java, Solaris, Sun Fire, Sun StorEdge, iForce and The Network is the Computer are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All SPARC trademarks are used under license and are trademarks or registered trademarks of SPARC International, Inc. in the United States and other countries. Products bearing SPARC trademarks are based upon an architecture developed by Sun Microsystems, Inc.
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