Intel, AMD plan earlier price cuts, analyst says
January 28, 2004 09:57:20 (ET)
SAN FRANCISCO, Jan 28 (Reuters) - Intel Corp. (INTC,Trade) will cut prices on its microprocessors by as much as 35 percent on Monday, two weeks earlier than planned, an analyst for Susquehanna Financial Group said Wednesday.
Advanced Micro Devices Inc. (AMD,Trade), an Intel rival, will also cut prices on its own line of processors at the same time, analyst Tai Ngyuen said, citing sources within the companies' sales channels.
Intel and AMD representatives could not immediately be reached for comment.
The price cuts would be timed with the introduction of Intel's new line of Pentium 4 processors for desktop computers. The chips, code-named Prescott, will reach higher speeds than the current generation and have a speedier pathway between the processor and computer memory.
Microprocessors are the primary computing engines of personal computers. |
