Dell Slashes Laptop Prices

Dell Computer Corp. said it cut U.S. prices on most of its corporate notebook computers by up to 20%. The computer maker said it could cut prices because of lower costs for components. Dell cut the price of a Latitude CS Ultramobile notebook with a Pentium III processor 20% to $1,599, and cut its new and more expensive wireless-ready notebooks by up to 9%. Shares in Round Rock, Texas-based Dell fell $1.63 to close at $16.63 on Nasdaq.