Intel has released a second chip from its low-lost Celeron line while dropping prices on its other microprocessors. It last week introduced a 300 MHz Celeron, and a family of stripped-down versions of its Pentium II chips aimed at sub-US$1,200 PCs. The new Celeron does not contain performance-boosting L2 (level two) cache. Its release follows lukewarm reviews for the first Celeron, which ran at 266 MHz and which reviewers said was slower than rival products. A 333 MHz Celeron chip with L2 cache, code-named Mendicino, is due out later this year. The 300 MHz Celeron costs US$159 in 1,000-unit quantities, while the 266 MHz version has dropped in price from $155 to $106. Prices of Intel's Pentium MMX (multimedia extension) and high-end Pentium II chips were reduced last week by between 12 per cent and 20 per cent, depending on the model.