Intel launches two cheaper 64-bit Itanium chips

"The most dramatically smaller aspect of these new releases are their prices. While the top-of-the-line Itanium with a 6MB cache sells for $4,227 in quantities of 1,000, the Deerfield sells for $744, and the 1.4GHz Itanium costs $1,172. Intel hopes these chips' lower prices and pared-down specifications will give Itanium a presence in the low-end server market, which research firm IDC identified as enjoying double-digit growth in the last two quarters," reportsNewsFactor