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Vincent Padois, head tutor at the Pierre and Marie Curie University who teaches robotics and is babysitting the Paris ICub, makes a demonstration with ICub robot, a ?hybrid embodied cognitive system for a humanoid robot" about 1 metre (3.2 feet) high, at the Pierre and Marie Curie University in Paris September 4, 2009. Six versions of ICub exist in laboratories across Europe, where scientists are painstakingly tweaking its electronic brain to make it capable of learning, just like a human child and hoping it will learn how to adapt its behaviour to changing circumstances, offering new insights into the development of human consciousness. REUTERS/Philippe Wojazer

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    Microsoft cuts Xbox 360 price, releases new model

    SEATTLE
    Sun Jul 13, 2008 4:23am EDT

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    XBox 360 video game consoles at a Best Buy store in Bellevue, Washington November 22, 2005. REUTERS/Chris Goodenow

    SEATTLE (Reuters) - Microsoft Corp (MSFT.O) cut on Sunday the price of its best-selling Xbox 360 Pro model game console with a 20 gigabyte hard drive to $299 from $349.

    Technology  |  Media

    The company also introduced a new Xbox 360 model with a 60 gigabyte hard drive, which will go on sale in stores in the U.S. and Canada for $349 in early August.

    Microsoft announced the price cut and a new model before the start of this week's E3 video game industry trade show in Los Angeles. The price cut was widely reported in game industry blogs since last week.

    The company last cut the price of the Xbox Pro in August, from $399 to $349, prior to the release of blockbuster title, "Halo 3," the following month.

    A cut to $299 makes the Xbox 360 Pro $100 less than Sony Corp's (6758.T) PlayStation 3 with a 40 gigabyte hard drive. Microsoft is locked in a three-way competition with Nintendo Co Ltd's (7974.OS) Wii and the PlayStation 3, which comes with a high-definition Blu-ray video player.

    Price cuts from Nintendo and Sony seem unlikely. Nintendo's $249 Wii is still in short supply at many retailers, while Sony has said it aims to turn its video game business profitable this year, making a cut hard to swallow.

    (Reporting by Daisuke Wakabayashi; Editing by Louise Heavens)
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