Intel cuts Pentium 4 prices by up to 30 per cent
San Francisco: Intel Corp., the world's largest maker of semiconductors, said on Monday it has cut prices of some of its fastest Pentium 4 desktop processors by as much as 30 per cent. The 2.8 gigahertz Pentium 4 is now $262, 30 per cent less than before, and both the 2.66 gigahertz and 2.6 gigahertz versions now sell for $193, a drop of 20 per cent in price, Intel said on its Website.
The Santa Clara, California, company regularly lowers prices of its microprocessors in anticipation of the release of faster models.
The cuts also typically result in price reductions on personal computers, since microprocessors represent a significant percentage of the cost of new PCs.
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AOL tries saying You've got mail in Spanish
New York: America Online is brushing up on its Spanish as it tries to woo Hispanics to its service. The Internet division of AOL Time Warner, often linked with its "You've Got Mail" slogan, unveiled on Monday its first national Spanish-language advertising campaign targeted at the US Hispanic market. Hispanics are the largest and fastest-growing minority group in the United States.
The campaign, developed by Hispanic communications firm Casanova Pendrill, includes radio, print and television spots on Univision Communications, Telefutura and Galavision, the company said in a statement. "AOL is committed to enhancing features and services to better serve Latinos who are online or planning to come online," Mary Ann Donaghy, an AOL executive director, said in a statement.
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AOL Time Warner, ING sign marketing pact
New York: AOL Time Warner said on Monday it signed a multimillion-dollar media and marketing pact with a unit of ING Baring and unveiled a web site aimed at building the bank's brand in the United States. The deal with ING's US Financial Services Group reflects the strategy that AOL's retooled Global Solutions Marketing group is taking under its new chief Michael Kelly. By tapping AOL Time Warner's different divisions, Kelly aims to create integrated pacts for the media company. The companies declined to comment on the terms of the deal, but a person familiar with the situation said it was a three-year agreement totaling about $30 million.
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Motorola reopens China office after SARS scare
Beijing: Motorola, the world's second-largest mobile phone maker and China's biggest foreign investor, said on Monday it had reopened its main office in Beijing and a staff member who contracted SARS was recovering. About 1,000 employees returned to work after the office building was cleaned and other employees completed a two-week quarantine, spokeswoman Mary Lamb said."Everything is fully functioning and back to normal," she said. The office in Beijing, where SARS has struck harder than anywhere else in the world, had been closed since April 29.
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Dabhol out of latest Enron restructuring
Washington: The Dabhol power plant in India is not among the firms that Enron is putting under an umbrella international energy company that it plans to set up. The controversial Indian plant on which Enron spent some $600 million is not among the 19 companies listed to go under "InternationalCo", the temporary name given to the new entity. The company's board of directors decided last week to create a new international energy company made up of the majority of its international energy infrastructure businesses but minus Dabhol. Enron said it was ending its effort to sell interests in those businesses.
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India urges OPEC to restructure crude pricing
Tehran: India has urged the Organisation of Petroleum Exporting Countries including the UAE and Iran to restructure the international pricing mechanism for crude oil. "We are required to pay an additional two dollars per barrel which we describe as the Asian premium. This raises our energy costs and is a burden on developing economies," Petroleum Minister Ram Naik said on the sidelines of crucial talks with Iran on cooperation in oil and gas sector. "The oil exporting countries have accepted that there is a problem but not solved the problem. They have maintained that it may be sorted out during bilaterally at the time of negotiations" he said
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