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Intel Cuts Prices on Pentiums for Portables

April 30, 1998|Bloomberg News

Intel Corp. cut prices on its Pentium and Pentium II processors for portable computers as much as 42%, as the world's largest chip maker moves to slash prices more frequently. The Pentium MMX chip running at 200 megahertz was cut to $134 from $230, or 42%. The 233-megahertz chip was cut to $213 from $359, and a 266-megahertz version was reduced to $348 from $466. The top-of-the-line Pentium II 266-megahertz chip was cut to $637 from $696, and the 233-megahertz Pentium II was reduced to $391 from $466. The price cuts are Santa Clara-based Intel's fourth this year and second on chips for portable computers. Shares rose 81 cents to close at $80.13 on Nasdaq.

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