Diversified Financial Services
Company Overview of IBM Global Financing
Company Overview
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Armonk, NY 10504-1785
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Key Executives for IBM Global Financing
IBM Global Financing Key Developments
IBM Global Financing Presents at X Latin American Leasing Conference, Nov-08-2012 . Venue: Hotel Intercontinental Doral, Miami, United States. Speakers: Ana Paula Zamper, IBM Global Financing Director, Arif Jan, VP Business Development, Loren Hill, VP Capital Markets.
QSGI Inc. announced that a case was filed in the United States District Court, Southern District, on August 3, 2011 with QSGI as the Plaintiff and IBM Global Financing, a division of International Business Machines Corporation and IBM, parent to and/or d/b/a IBM Global Financing as the defendants. This action for damages was brought pursuant to the Florida Antitrust Act of 1980. The action claims QSGI operated in direct competition with IBM Global Financing in the resale of used mainframe computers in the open market. In 2007, after years of competing with IBM Global Financing, IBM instituted a policy called the 'Six Month Rule' on QSGI but not on its subsidiary, IBM Global Financing. This policy, in-turn, caused lost profits and business, and effectively eliminated QSGI's ability to compete in the used mainframe market with IBM Global Financing. Additionally, this caused the users of this equipment to purchase used equipment at uncompetitive prices from IBM Global Financing.
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