The modest price cuts listed below – they look big in percentage terms but so do the new prices – are only the first step in what is planned to be a complete overhaul of IBM Corp’s personal computer business, which is set for the autumn. The company claims that it is still in a window of opportunity and that there is plenty of time to make its move before major corporations make their bulk-buying decisions in the fourth quarter – but analysts are worried that a bleeding PS/2 business will drag down the third quarter, and that it may be too late for a big comeback.