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Intel To Slash Prices Up To 60%

Posted by ryuzaki0 on from the desperate-times dept.

Chuan-kai Lin writes "According to Bloomberg, Intel will slash product prices by up to 60% in order to regain market share captured by AMD." From the article: "Intel said it will reduce prices of faster dual-core chips by about 15 percent, according to Alex Lin, a product marketing manager at Micro-Star, Taiwan's third-largest maker of motherboards, which connect electronic parts in computers ... Shares of Intel have fallen 33 percent since Otellini succeeded Craig Barrett in May last year. Advanced Micro's stock has gained 77 percent during the same period. Intel fell 31 cents to $17.08 at 12:06 p.m. New York time in Nasdaq Stock Market composite trading. Advanced Micro dropped $1.55, or 5.5 percent, to $26.45 on concerns that Intel will lower prices."

2 of 227 comments (clear)

  1. Re:My god by ChrisGilliard · · Score: 0, Redundant

    Does this mean, I was paying up to 160% more than what I should have, till now?

    Actually, you would have been paying 150% more because 100%/40% = 2.5. 2.5 - 1 = 1.5, In other words, 150%. But yes, this is why competition is good! :)

    --
    No Sigs!
  2. Bear by soloport · · Score: 1, Redundant

    No, you were paying the price that the market could bare.

    So... Sould they keep that price up, the market would be completely exposed ?




    Me thinks you mean "bear" ;-)