10:59 (Dow Jones) Intel (INTC) is gearing up to slash prices on its Core 2 Quad microprocessors in late July, according to published reports. Price cuts for its high-end Core 2 Quad chips are expected to be as much as 50%, with prices for some of its mainstream Core 2 Duo chips getting cut by 40%. INTC spokesman Chuck Mulloy said the chip maker never comments on price cuts until they happen. He did say INTC routinely reduces the prices of its chips as it continues to introduce new products. Shares up a fraction at $21.99. (DLF)
Robert Turnbull, Toronto, Canada
