Today's technology like SpeedStep, Cool&Quiet, etc... Are stepping down the CPU core speed an voltage in steps.
For example, I have an "old" Dell P4M 1.4GHz laptop. It runs at 1.2GHz in normal operation (AC power in) it goes up to 1.4GHz when the processing is intense. When I unplug the AC cord, the CPU throttles down automatically.
Ususally you can configure this in your BIOS. There is some options in it.
But, from what I read/know about P4 in laptop. You probably don't have a mobile P4, but a Desktop Replacement P4 processor in your laptop. Basically, it's a desktop CPU fitted into a laptop case.
--
It's tricky to use words like <b><font color=green>AMD</font color=green></b> or <b><font color=blue>Intel</font color=blue></b> in a signature some users could think your are biased.