Intel answers rumors of Core 2 Quad price cut... sorta

Culver City (CA) - The Internet is abuzz with rumors of a massive price cut in Intel's Core 2 Quad processor later this year. According to HKEPC.com, the price of the 2.4 Ghz Core 2 Quad will plunge 70% from its current price of $851 to $266 in the third quarter. Such a massive price drop would make the quad-core chip cost less than what most dual-core chips are selling for now, but are the rumors true? Intel's Public Relations Manager Dan Snyder gave us the standard corporate answer that we expected to hear.

On the phone, Snyder told TG Daily, "I cannot confirm nor deny any price cuts, but price cuts are a normal part of this industry." He added that prices generally trend lower as time goes on.

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Humphrey Cheung was a senior editor at Tom's Hardware, covering a range of topics on computing and consumer electronics. You can find more of his work in many major publications, including CNN and FOX, to name a few.