On an earnings call yesterday, Paul Otellini, CEO of Intel, told journalists that Ultrabooks would reach $699 by ‘fall’ – Q4 of this year. Does he not read Ultrabooknews? Ultrabooks are already selling for under $699. Take the Acer Aspire Timeline M5 for example.

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Acer America has just announced two new Ultrabooks as part of a new ‘Timeline Ultra’ series. On offer is a 14″ and 15.6″ display, the latter of which has a full numpad on the keyboard. The bezels appear to be nice and thin but the resolution leaves much to be desired. Discrete graphics from Nvidia are included as well as optical drives. Both come in at rather affordable prices, but we’re unsure that the inclusion of the optical drive is such a great idea.

Acer Aspire Timeline M5 details in our database

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