IBM Credit Corp took the spotlight to announce two new step-down lease options under which customers installing the 3090 mainframes, 3380 disk and 3480 tape subsystems can choose special options of the Flexible Exchange Lease which step-down monthly payments after three and four years so as to increase flexibility during five-year leases. There is also no exchange charge for new IBM technology leased with IBM Credit during the step-down period, and there are no-cost termination provisions after 48 or 54 months, with only 90 days’ notice needed for exchange or early termination. The current Flexible Exchange contracts remain available.
The other main item from IBM yesterday was a performance-enhanced 9370 disk and tape controller on a single board that offers higher input-output rates than its predecessor and can co-exist with the existing controller, which will be withdrawn in April. The controller, out Friday in the US, is $3,500. There is also an enhanced 9370 Telecommunication Subsystem now supporting the HDLC-LAPB line protocol at speeds up to 64Kbps using the X21 and V35 interfaces. The Communication Processor will support up to two 64Kbps lines.