TheRegister are reporting that Intel & AMD are going to slash desktop processor prices: Intel's cuts will take place on 28th of October and AMD's on the 29th of October 2001.

Here are the price drops:

AMD CPU New Price Old Price Cut
XP 1800+ $210 $252 17%
XP 1700+ $152 $190 20%
XP 1600+ $124 $160 23%
XP 1500+ $115 $130 12

Intel CPU New Price Old Price Cut
2.0GHz $401 $564 29%
1.9GHz $274 $375 27%
1.8GHz $225 $256 12%

So for the full article warp to TheRegister.