Strange CPU speed value

I have a question, why are Control Panel and dxdiag showing that my CPU runs at ~700 MHz ? Is something wrong with my CPU?
http://imageshack.us/photo/my-images/89/procesorie.png/
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  1. Do me a favor just try CPU-Z http://www.cpuid.com/softwares/cpu-z.html
    I dont know where the 700MHz is coming from. It maybe the speed for Intel® Speedstep® which clocks the processor down to save power when there isnt anything for the processor to do.
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