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

To: Paul Engel who wrote (64733)	9/14/1998 2:54:00 PM
From: Tony Viola	Read Replies (1) \| Respond to of 186894

Paul, this press release on the price cuts has some bullish quotes from Intel: news.com Intel slashes chip prices By Brooke Crothers Staff Writer, CNET News.com September 14, 1998, 11:00 a.m. PT just in Intel, pushing to blanket the market with Pentium II technology, announced price cuts today across its line of chips. "Continued strong acceptance of Pentium II processors enables Intel to aggressively ramp these products into higher volume price points," the company said in a statement. "New Pentium II processor pricing enables the use of Pentium II processors across all performance PC segments while the Celeron processor has become the processor of choice for 'Basic PC' systems," the company said. Some of the steepest price cuts come in the meatiest part of Intel's chip lineup. The 400-MHz Pentium II drops from $589 to $482, an 18 percent price decline. The 350-MHz chip was slashed 29 percent from $423 to $299. Both of these chips are now used in high-volume products. Compaq Computer, for example, uses the 350-MHz chip in its Presario 5610 Minitower consumer PC. This now sells for $1,899 at CompUSA, a major retailer. But new chip pricing could help to drive prices on systems like this down. Prices for the Pentium II for notebook PCs, meanwhile, were also cut. The 266-MHz version was discounted to $391 from $444. This chip is now appearing in many midrange notebook PCs, which are typically priced from $3,000 and up. The 300-MHz Pentium II, just announced last week, is now at the high end of notebook makers' lineups. These systems generally go for more than $3,500. The Celeron processor, also based on the Pentium II architecture, stayed the same, except for the older, slower 300-MHz version which was cut from $112 to $95. The improved, faster 300A and 333 Celeron versions did not change in price. The venerable Pentium MMX chips, still found in notebook PCs, were also slashed. The 266-MHz version fell from $241 to $159, a drop of 34 percent. Intel is an investor in CNET: The Computer Network.