Falling Prices

Intel Corp. cut prices on its Pentium II processors from 15% to 20%, a move analysts expected as the company started selling its faster Pentium III chips. . . . Compaq Computer Corp. cut some business desktop and notebook computer prices by as much as 9% to boost sales of products not equipped with the newest processors. . . . Dell Computer Corp. reduced prices on its workstation computers by as much as 9.5%, offering computers with two processors for prices comparable to what rivals are charging for workstations with a single processor.