AT&T Capital Leasing Services Delivers Financing Solutions To Micron Electronics.FRAMINGHAM, Mass.--(BUSINESS WIRE)--Sept. 9, 1997-- Leasing Program To Increase Purchasing Alternatives for Micron Customers In order to provide Micron Electronics, Inc.'s (NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). :MUEI) users with increased purchasing options, AT&T Capital Leasing Services, Inc., a leading equipment leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
Beginning October 1, 1997, under the terms of this program, Micron customers will be able to utilize a full range of financing solutions from AT&T Capital Leasing Services, including customized lease programs, electronic commerce capabilities, and asset management services. In addition, AT&T Capital Leasing Services will offer highly competitive lease rates, flexible lease terms, as well as credit approval and lease documentation in as little as three hours. "Once again, AT&T Capital Leasing Services will be meeting the customer needs of an industry leader like Micron, a premier PC manufacturer in the direct channel," explained Jim Tenner, president of AT&T Capital Leasing Services. "We support Micron Electronics' commitment to help customers quickly acquire the leading edge computing Edge computing provides application processing load balancing capacity to corporate and other large-scale web servers. It is like an application cache, where the cache is in the Internet itself. equipment and services they need to stay ahead of the technology curve in their respective industries." "For businesses and corporations, leasing provides a valuable alternative depending on their financial goals," said Majorie Spindler, director of the Financing Solutions Department of Micron Electronics. "Leasing will reduce a company's total cost of ownership by providing additional buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. while preserving their cash position and also enabling companies to acquire the latest computing technology quickly and efficiently." As part of the arrangement, AT&T Capital Leasing Services will physically locate personnel at Micron Electronics' offices in Nampa, Idaho Nampa (IPA: [næm pə]) is the largest city in Canyon County, Idaho, United States, and the second largest in the state. Only the capital city, Boise, is larger. and Roseville, Minnesota Roseville is a city in Ramsey County, Minnesota, just north of Saint Paul and east of Minneapolis. It is the only Twin Cities suburb to be geographically adjacent to both St. Paul and Minneapolis. to facilitate leasing sales for Micron Electronics' customers. "Our goal is to ensure Micron Electronics' customers' experience is seamless when obtaining financing through this new program," said Laura Blessing of the Computing Segment at AT&T Capital Leasing Services. "Our back room and operational efficiencies that we have established over the years will allow for streamlined processing. In addition, our rapid credit approval process will dramatically shorten the sales cycle, increasing efficiency for both Micron Electronics and its customers." About Micron Electronics, Inc. Micron Electronics, Inc., and its subsidiaries manufacture electronic products and provide services for a wide range of computing and digital applications. The Company develops, markets, manufactures and supports PC systems for consumer, business, government and educational use. In addition, Micron Custom Manufacturing Services, Inc., a subsidiary of Micron Electronics Inc., provides custom contract manufacturing services to original equipment manufacturers. SpecTek, a division of Micron Electronics, Inc., processes and markets reduced specification memory components under the SpecTek brand name. Micron Electronics, Inc., common stock trades on the NASDAQ Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol MUEI. The Company is majority owned by Micron Technology Micron Technology ("Micron") NYSE: MU is a multinational company based in Boise, Idaho, USA, best known for producing many forms of semiconductor devices. This includes DRAM, SDRAM, flash memory, and CMOS image sensing chips. , Inc. Product information is available by calling 1-800-776-4518 or via the Company's home page on the Internet at http://www.micronpc.com . About AT&T Capital Leasing Services, Inc. AT&T Capital Leasing Services, Inc. is a subsidiary of AT&T Capital Corporation, one of the largest equipment leasing and finance companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . AT&T Capital Corporation, formerly majority-owned by AT&T Corp., is a privately held, independent company that provides diversified diversified (di·verˑ·s equipment leasing, financing and related services to approximately 500,000 commercial customers in the United States, Europe, Canada, the Asia/Pacific region, and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . A recognized leader in serving multinational manufacturers and vendors, AT&T Capital customizes financing programs for its customers around the world. For more information about AT&T Capital Leasing Services' products and services, visit its Web site at http://www.leasingservices.com . Information about AT&T Capital Corporation can be found at http://www.attcapital.com . CONTACT: The Weber Group Stephanie Torpy/Melissa Carroll 617-520-7055/617-520-7027 storpy@webergroup.com/mcarroll@webergroup.com |
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