Intel Slashes Processor Prices

Intel Slashes Processor Prices

Intel has announced a number of broad price cuts in its processor ranges, including reductions of almost 50 per cent on its dual-core Celeron and Xeon products.

The reductions come at a time when the company may be trying to regroup some cash. Intel reported its fourth-quarter revenue results this weekend, which included the billion-dollar financial impact of its investment in WiMax provider Clearwire.



"While the environment is uncertain, our fundamental business strategies are more focused than ever. Intel has weathered difficult times in the past, and we know what needs to be done to drive our success moving forward,"said Intel president and chief executive Paul Otellini on announcing the results.