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Technology Stocks : Disk Drive Sector Discussion Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (3433)	5/29/1998 4:57:00 AM
From: shane forbes	Respond to of 9256

sub $700 PCs: biz.yahoo.com ---- Thursday May 28, 8:57 pm Eastern Time Packard Bell NEC launches sub-$700 PC SAN FRANCISCO, May 28 (Reuters) - Packard Bell NEC, a privately-held PC maker, said Thursday it introduced a full-featured personal computer for $699. Packard Bell said its $699 model, called the Packard Bell 550, is designed around a Cyrix 233 megahertz MediaGX processor, includes 24 megabytes of memory, has a 2.1 gigabyte hard disk drive, a CD-ROM player and a 56 kilobit modem. Cyrix is a division of National Semiconductor Corp. ''We believe we are once again setting the standard by being the first major manufacturer to offer a complete, robust consumer PC at a new, precedent-setting price, $699,'' said Mal Ransom, senior vice president of marketing for Packard Bell NEC, in a statement. ''We're paving the way for further penetration into the home PC market.'' Packard Bell NEC was one of the first PC makers to enter the now-booming sub-$1,000 category in January 1997 by offering PCs using Intel technology for $999. Packard Bell said it is now creating a new sub-$700 consumer PC category. According to International Data Corporation, sub-$1,000 systems will account for 35 percent of U.S. consumer desktop shipments in 1998. Packard Bell is also introducing a 750 model that features a Cyrix MediaGX running at 266 megahertz with 48 megabytes of memory and 4.3 gigabyte hard drive for a suggested retail price of $999. Sacramento, Calif.-based Packard Bell NEC is 49 percent owned by NEC Corp. of Japan. ----