Thread:
HP is out to buy market share again! Let's see how their profit margin is impacted as the quarter closes!
K.
HP cuts Vectra prices -
Cost of workstations cut 8 percent, memory upgrades slashed 22 percent
December 8, 1997: 1:04 p.m. ET
ÿ NEW YORK (CNNfn) - Hewlett Packard Co. said Monday it is cutting the price of its Vectra VL business workstation line by up to 8 percent and is slashing the cost of memory upgrades by up to 22 percent, effective immediately.
ÿ ÿ ÿ After the cuts, an HP Vectra VL computer with a 166-megahertz Pentium processor, 16 megabytes of random access memory and a 1.6-gigabyte hard drive will cost $984, down from $1,074.
ÿ ÿ ÿ The price of an HP Vectra VL PC with a 200-megahertz Pentium processor, 2.5-gigabyte hard drive, 32 megabytes of random access memory, 24-speed CD-ROM and 16-bit sound card was cut to $1,388 from $1,495.
ÿ ÿ ÿ Hewlett Packard said the price cuts are an effort to bring computers using Intel's new Pentium II microprocessor into the mainstream. ÿ
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