Averatec today announced the D1005, a 22-inch all-in-one PC the company plans to sell for just shy of $800, which Averatec says is best suited for college students.

"Our latest offering was designed with the college student and business professional in mind," said Henry Hewitt, vice president of sales at TriGem USA. "Its sleek design and small footprint make it an attractive system to sit on top of your desk without taking up a lot of space.

The D1005 sports an Intel Pentium dual-core E5200 processor (2.5GHz), 3GB of DDR2 memory (upgradeable to 4GB), a 320GB hard drive, integrated Intel X4500HD graphics, DVD drive, WiFi, 2.0MP webcam, full-size USB keyboard and mouse, and Windows Vista Home Premium.

Averatec says the D1005 is available now through Bestbuy.com, Onsale, TigerDirect, and Newegg for $799.

PC shipments might be falling at a record rate, but HP doesn't seem fazed and to prove it, the OEM has announced four new low-cost desktop models for its HP Pavilion and Compaq Presario lines.

The HP Pavilion Slimline s5000, starting at $289, sports an AMD LE1600 processor, 2GB of DDR2 RAM, a 320GB hard drive, and a 6-in-1 media card reader wrapped in a chassis HP says would be an ideal fit for a dorm room. Starting at $269, the HP Pavilion p6000 sports the same basic configuration with a downgraded AMD LE1300 processor.

Moving up the price and performance scale, the HP Pavilion Elite e9900 starts out at $599 and includes an AMD Phenom II X2 545 processor, 4GB of DDR3 memory, a 500GB hard drive, GeForce G210 graphics with 512MB of video memory, and a 15-in-1 media card reader.

Last is the Compaq Presario CQ5000. Starting at $380, a base configuration includes an AMD X2 7550 processor, 3GB of DDR2 memroy, a 320GB hard drive, and integrated GeForce 6150 SE graphics with 128MB of shared memory.