IBM cuts price of Microdrive

IBM has today cut the price of the Microdrive. The official prices are now: 1 GB - $379, 512 MB - $259, 340 MB - $199. This brings the Microdrive down to an unbelievable $0.37/MB. "As acceptance of Microdrive by both consumers and device makers grows, we're able to continue with dramatic price cuts," IBM spokesman Michael Kuptz said. IBM has lowered the cost per megabyte by 50 percent in each of the past two years, he added. Also worth noting is that with the Microdrive 1 GB really is 1048576 KB.

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