Following lack of demand for Intel Corp chips, the company is set to cut prices more than was expected this summer, according to the Wall Street Journal and other sources. The company has also warned its first period turnover could be down by up to 10%. Though Intel wouldn’t comment officially, prices are expected to drop by as much as 52%, compared with original estimations of 25 to 30%. Using those figures, a 233MHz Pentium MMX will cost around $370, down from $580 – rival Advanced Micro Devices Inc’s K6 is $470 which Cyrix Corp’s 6×86 costs $320. Net result should be a right result for consumers as Pentium MMX system prices should fall below $1,500 as a result and Pentium II desktops drop below $2,500. Intel shares closed down
