Intel (NASDAQ:INTC) Cutting Ultrabook Prices

Intel (NASDAQ:INTC) has been trying to reduce Ultrabook prices. Intel
(NASDAQ:INTC) Cutting Ultrabook Prices The chip maker Intel (NASDAQ:INTC)
announced that it has been working with suppliers and manufacturers to reduce
the price of its upcoming light and thin Ultrabooks. The company expects that
Ultrabooks will grab up to 40 percent market share by the end of next year.
Intel (NASDAQ:INTC)'s vice president of sales and marketing Navin Shenoy said,
"Thats a challenging target in order for that to happen the price has to come
down. At some point youll have to be at that price point, but it doesnt have to
be overnight. It takes time to engineer a cost down. More work needs to happen
in the ecosystem. Even if were giving the chips away for free, we couldnt hit
the price point we want to hit if we dont work with the rest of the industry".
Intel Corp. (NASDAQ:INTC) shares were at 24.59 at the end of the last days
trading. Theres been a 3.9% movement in the stock price over the past 3 months.
Intel Corp. (NASDAQ:INTC) Analyst Advice Consensus Opinion: Moderate Buy Mean
recommendation: 1.86 (1=Strong Buy, 5=Strong Sell) 3 Months Ago: 1.99 Zacks
Rank: 1 out of 7 in the industry