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

To: FJB who wrote (57380)	6/6/1998 1:47:00 PM
From: Proud_Infidel	Respond to of 186894

From today's San Jose Mercury News: Intel to slash prices up to 20% on Pentium IIs Intel Corp. is expected to slash prices on its microprocessors by as much as 20 percent next week, as the company grapples with a slowing personal-computer market and makes room for speedier chips. Price cuts on its Pentium II chips -- the brains of PCs -- will range from 12 percent to 20 percent, analysts said. The world's largest chip maker also is expected to introduce a faster Celeron chip, designed for PCs costing less than $1,200. It's Intel's third round of cuts this year. Intel used to cut prices regularly each quarter. The company now has moved to a more flexible price-reduction schedule as it rolls out products for different parts of the PC industry to better match demand. Intel's average price per chip has been falling, crimping profit as prices for PCs decline.