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  Microsoft slashes Xbox price by 20 percent in Europe
Time: 13:10 EST/18:10 GMT | News Source: Reuters | Posted By: Robert Stein

Microsoft Corp. on Thursday slashed the price of its Xbox computer game console by 20 percent in Europe, its third price cut in just over a year as it tries to keep its slim hold on No. 2 market position. The company will sell Xbox units for 199 euros ($214.40) in continental Europe and 129 pounds ($201.90) in Britain, bringing its prices below market leader Sony's PlayStation 2 and Nintendo's GameCube.

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