Stung by market share losses in the first quarter, Dell is cutting prices in an effort to woo customers.

The Round Rock, Texas-based PC maker is selling an Inspiron E1505 notebook with an Intel T2300 Core Duo processor, 1GB of memory, an 80GB drive, a 15.4-inch screen and a DVD burner for $699 today, down from the usual price of $1,234.

A similar notebook from Toshiba on CompUSA’s site sells for $1,249, while a similar Hewlett-Packard sells for $1,199. Gateway clocks in at $999.

Source: News.com