Bruised Intel moves ahead with price cuts, new products

In the midst of a stock crunch sparked by lagging earnings, chip giant Intel cuts prices on processors and enters the crowded market for digital-audio players.

CNET News staff

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CNET News staff

Jan. 2, 2002 4:43 p.m. PT

latest developments

In the midst of a stock crunch sparked by lagging earnings, chip giant Intel cuts prices on processors and enters the crowded market for digital-audio players.

"This quarter is shaping up to be Intel's toughest Q4 in over a decade."

- Salomon Smith Barney analyst Jonathan Joseph

Pentium 4 price cuts on the way
video The company plans to reduce prices by up to 11 percent on desktop processors including the Pentium 4.

Intel readies digital-audio player
The chip maker will come out with a portable digital-audio player next month, as the lines separating PC manufacturers, component makers, ISPs and consumer electronics companies blur.

Chip equipment makers feel Intel aftershocks
Slowing sales at the world's biggest chipmaker will inherently hurt Applied Materials, Novellus Systems and other companies that make semiconductor manufacturing equipment.

Intel lowers fourth-quarter forecast
update In a further sign of the deteriorating state of the PC market, Intel warns that fourth-quarter revenue will be flat or possibly below the $8.7 billion the company reported in the third quarter.