Intel who is getting closer to the release of its 3.06 GHz processor has [URL=http://www.theinquirer.net/?article=6194]announced[/URL] will be cutting prices on the majority of its line up:

The 2.8GHz/512K 533MHz bus Pentium 4 has dropped by 21 per cent since the last cut in October, when it stood at $401. The 2.66Ghz/512/533 chip has dropped by 24 per cent from the October the 2nd price of $305, and that's true for the 2.6GHz/512/400, indicating this chip is at the effective end of its life.

In the other hand we have AMD following closely, heating up the CPU price wars, though mostly in the lower end, here's [URL=http://www.digitimes.com/NewsShow/Article2.asp?datePublish=2002/11/12&pages=04&seq=20]the news[/URL]:

According to other sources, AMD cut prices for the Athlon XP 2200+, 2100+, 2000+, 1900+, 1800+ and 1700+ processors. The Athlon XP 2200+ was said to be still priced at over US$100, while the prices of the other five processors fell by as much as about 40% to US$60-90. Prices of the high-end Athlon XP 2400+, 2600+, 2700+ and 2800+ remained unchanged.