Compaq slashes notebook prices

Compaq cut prices on its LTE 5000 family of notebook computers and will drop prices on hard drive and memory upgrades for its entire lineup of notebooks.

Aug. 12, 1996 11:30 a.m. PT

Compaq today cut prices on its LTE 5000 family of notebook computers and will drop prices on hard drive and memory upgrades for its entire lineup of notebooks.

Company officials cited the need to "remain price-competitive" as one reason for the price cuts. Moreover, the normal practice for manufacturers is to lower prices on older models when releasing a new lineup, and pass on reductions in memory costs to customers. Compaq's Armada notebook line was just introduced in June.

The LTE 5150, which comes with a 810MB hard drive, 11.3-inch dual-scan display and 16MB of RAM, will fall from $3,199 to $2,999. The LTE 5280 with 1.3GB hard drive will drop 15 percent, from $5,399 to $4,599.

The high-end LTE 5380, which comes with a 133-MHz Pentium processor, 12.1-inch active matrix LCD screen, and 2.1GB hard drive, will plunge from $6,599 to $5,999.

In addition, hard drive and memory upgrade options for all notebook lines, including Armada, will be more affordable due to price cuts of up to 60 percent.

For example, the price of a 1.35GB hard drive has been cut by 47 percent to $899. Likewise, a 16MB memory module for the Armada and LTE 5000 series notebooks will cost $439, reflecting price cuts of 10 to 37 percent.