IBM has cut the price of its smallest hard drives, called Microdrives, by as much as 32 per cent in the US. A UK price drop is expect to follow. The Microdrives fit into the CompactFlash slot in PDAs (personal digital assistants) and MP3 players, as well as notebook and desktop PCs through adapters, the company said in a statement. It’s available with capacities as large as 1GB and weighs in at slightly more than half an ounce (16 grams). IBM has cut the Microdrive's price per megabyte by at least 50 percent a year over the last two years, the company said. The 340MB microdrive now costs $199; the 512MB version is now $259, and the 1GB microdrive has been reduced to $379, the company said. In July, Toshiba announced it would push the storage limit for small drives even further and launch its own PC Card hard drive in Japan. The 5G-byte PAMHD005 is priced at about £300 but is more than twice the size of the IBM Microdrives and weighs 65 grams. Toshiba has not yet announced plans to distribute the drive in the UK.