Intel

(INTC) - Get Report

Monday is rolling out its news Core i7 chip -- code-named Nehalem -- a week after the chipmaker slashed revenue forecasts, according to a report.

For the first Core i7 models -- targeted at high-end desktop computers -- Intel set up an unusual early commercial kickoff, starting with midnight PC sales in Tokyo Saturday night, the

Wall Street Journal

reports.

The early selling was scheduled to continue Sunday in U.S. retail outlets and at manufacturers' Web sites. Participants include mainstream PC makers like

Dell

(DELL) - Get Report

, which is offering new systems priced at $949 to $3,699, and specialty makers of gaming systems such as

Falcon Northwest

, which is offering models from $2,495 to more than $8,000, the newspaper reports.

PCs that use Core i7 are expected to be particularly fast for chores such as manipulating photos and videos. The advances grew out of competitive issues that Intel faced when it began planning Nehalem five years ago, the

Journal

reports.

Intel last week reduced its revenue forecast for the fourth quarter by more than $1 billion -- indicating a sharp drop in business since mid-October -- while other tech companies announced big job cuts.

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This article was written by a staff member of TheStreet.com.