updated 09:05 am EDT, Tue July 27, 2004
No Henrico renewal
The Henrico County School Board (Virginia) to renew and extend a lease on the iBook computers the school system uses in its high-profile initiative to give a laptop to every middle and high school student, according to The Richmond Times-Dispatch. According to the report the lease for the laptops used by high school students runs out at the end of the 2004-05 school year and the lease for middle school students' laptops runs out in 2006. The major sticking point was high cost of the 1-year opt-out clause, but the Board says that it will revisit the issue next year after a portion its lease contract expires.
"Apple had offered Henrico a trade-in: 23,000 new computers for 18,000 older iBooks given to students in the first years of the laptop initiative, which began in 2001. Like car dealers offering trade-ins when you still have some months to go on your lease, Apple hoped the new lease would keep it doing business with Henrico for a longer time.
"Apple hoped the new lease would keep it doing business with Henrico for a longer time. A new car - or computer - for roughly the same money is a deal many consumers hate to pass up. Myers said the new lease would not have cost any more on an annual basis and required no up-front cash payment. Henrico's school system now pays more than $5 million a year to lease iBooks. Because the school system now leases 23,000 iBooks, the swap would have freed Henrico to use 5,000 slightly used iBooks to replace older desktop computers in elementary schools."