TECHNOLOGY & TELECOMMUNICATIONS

Intel Will Cut Chip Prices: The chip maker, keeping rivals at bay, today will announce the first of two price cuts on its microprocessors for the third quarter. The cuts are aimed at making Pentium the standard chip for PCs, which would eat into the market of companies that make clones of Intel’s previous-generation 486 chips. The planned cuts are expected to bring the price of the entry-level 60MHz Pentium below that of the company’s 486DX4 chips by the end of the year, analysts said. Intel’s 486 and Pentium chips are part of its x86 family of microprocessors, the brains inside an estimated 75% of the world’s personal computers.