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Computer industry

Hewlett-Packard Cuts Prices on PCs, Offering Awards-Winning Business PCs at Value Prices

Strategic Insights

— 1 min read

HP has lowered prices on its Brio and Vectra PCs, providing business customers with high-quality machines at competitive prices. The price reductions, which range from 11% to 14% depending on the model, make HP's PCs more attractive to customers. An entry-level HP Brio PC with a Celeron 333MHz processor, 4.3GB hard drive, 32MB RAM, and Windows 98 can be purchased for as low as $699, a 14% reduction. Similarly, a high-end HP Vectra PC with a Pentium III 450MHz processor, 6.4GB hard drive, 64MB SDRAM, and Windows 95 has an estimated U.S. street price of $1,478, a significant decrease from previous prices.

Key Takeaways:

  • HP has reduced prices on its Brio and Vectra PCs by up to 14%, making them more competitive in the market.
  • An entry-level HP Brio PC with a Celeron 333MHz processor can be purchased for as low as $699, a 14% reduction from previous prices.
  • A high-end HP Vectra PC featuring a Pentium III 450MHz processor, 6.4GB hard drive, and Windows 95 has an estimated U.S. street price of $1,478, a price reduction of 11%.
  • HP continues to competitively price its desktop PC systems, including those based on Intel's newest Pentium III processors.
  • The company has passed along recent price reductions from suppliers, as well as savings gained through its Extended Solutions Partnership Program.
  • The program enables reseller partners to provide custom-configured solutions to better meet customers' exact price and performance needs.
  • More information on the HP Vectra and HP Brio PCs is available on the Hewlett-Packard website at http://www.hp.com/desktop.

Statistics:

  • 14%: The maximum price reduction on HP Brio and Vectra PCs.
  • $699: The estimated U.S. street price of an entry-level HP Brio PC with a Celeron 333MHz processor.
  • $1,478: The estimated U.S. street price of a high-end HP Vectra PC featuring a Pentium III 450MHz processor and Windows 95.
  • 11%: The price reduction on a high-end HP Vectra PC featuring a Pentium III 450MHz processor.
  • 47.1 billion: HP's revenue in the 1998 fiscal year.
  • 122,800: HP's number of employees.

Sources:

  • HP Press Release, "Hewlett-Packard Company Cuts Prices on HP Brio and HP Vectra PCs" (April 7, 1999).
  • HP website, "HP Vectra and HP Brio PCs" (http://www.hp.com/desktop/).

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