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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Mary Cluney who wrote (43366)	12/30/1997 10:30:00 AM
From: Mohan Marette	Respond to of 186894

Chop Chip or Chip Chop-belated Christmas gift from Intel. Mary & thread: In case you guys haven't seen this news already.There goes AMD/Cyrix duo, i guess more red ink in store for them,eh? ___________________________________________________________________ Tuesday, December 30, 1997 Intel chops chip prices Monday December 29 7:01pm Lisa DiCarlo, PC Week Online PC makers received a belated Christmas gift today from Intel Corp., which dropped the price of a 233MHz Pentium II from $401 to $268 in 1,000-unit quantities. The 33 percent price drop on the 233MHz model will be followed in late January with cuts on virtually all other Intel processors, according to sources. Intel, of Santa Clara, Calif., dropped prices of Pentium II and Pentium with MMX processors in November as part of its regular quarterly pricing adjustments. Although company spokeswoman Luanne Darbonne said today's reduction was planned, it is highly unusual for Intel to offer an interim price cut. She said the move was in response to PC makers' desire to lower prices on their systems. Indeed, many PC manufacturers already have Pentium II-based systems priced below $1,500, and today's price cut will spark even lower PC prices. Source: PC Week Online