News Burst: 3Dfx announces price cut

Quoting sharp drops in the price of memory, 3-D graphics chip maker 3Dfx Interactive Inc. announced Monday that it would kick off its "Power of 2" campaign for 3-D graphics boards that use its Voodoo2 chips.

Under the campaign, the price will drop from an estimated $500 for two boards to under $300, if bought together. Unlike other 3-D graphics boards, boards made with 3Dfx's chips can be paired for better performance. Another possible reason for the price cuts: The company announced in mid-September that its quarterly earnings would be below expectations.