Digital Equipment Corp is still selling assets and it is now offloading its US leasing business to the Vendor Financial Services unit of General Electric Co’s GE Capital Corp subsidiary. Terms were not disclosed. DEC says it is selling because leasing is both management- and capital-intensive. Operating as a business unit of GE Capital’s Vendor […]
Digital Equipment Corp is still selling assets and it is now offloading its US leasing business to the Vendor Financial Services unit of General Electric Co’s GE Capital Corp subsidiary. Terms were not disclosed. DEC says it is selling because leasing is both management- and capital-intensive. Operating as a business unit of GE Capital’s Vendor Financial Services, DECfinancial Services will support the relationship and ensure continuty of services for DEC users. The unit’s staff will transfer.
