Company officials cited the need to "remain price-competitive" as one reason for the price cuts. Moreover, the normal practice for manufacturers is to lower prices on older models when releasing a new lineup, and pass on reductions in memory costs to customers. Compaq's Armada notebook line was just introduced in June.
The LTE 5150, which comes with a 810MB hard drive, 11.3-inch dual-scan display and 16MB of RAM, will fall from $3,199 to $2,999. The LTE 5280 with 1.3GB hard drive will drop 15 percent, from $5,399 to $4,599.
The high-end LTE 5380, which comes with a 133-MHz Pentium processor, 12.1-inch active matrix LCD screen, and 2.1GB hard drive, will plunge from $6,599 to $5,999.
In addition, hard drive and memory upgrade options for all notebook lines, including Armada, will be more affordable due to price cuts of up to 60 percent.
For example, the price of a 1.35GB hard drive has been cut by 47 percent to $899. Likewise, a 16MB memory module for the Armada and LTE 5000 series notebooks will cost $439, reflecting price cuts of 10 to 37 percent.
Related stories:
Compaq is redefining the notebook
Compaq cuts prices on commercial PCs
Compaq to enter workstation
market
Compaq posts 9% earnings
increase
Compaq desktops near $1,000
mark
