June 6, 2002
PC Glut Prompts Big Price Cuts; Is Now the Time for You to Buy?
Coming off the worst month of sales in nearly four years, personal-computer makers are preparing an unusually aggressive round of price cuts.
Gateway, anxious to stem a market-share slide, just cut the price of its 500S desktop package by 20%, to $999 after a rebate. That includes a glitzy flat-screen display.
The price for Hewlett-Packard's midpriced Pavilion 751n has been slashed by 20% since its introduction only two months ago. The machine, initially priced at $1,049, now sells for $200 less at Best Buy stores, after an instant rebate. The company, which is also offering deals on its newly acquired Presario line, promises an additional round of cuts "in the very near future." (full story)
My spin: Take advantage of these low prices...and BUY (if you need it)
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