Nvidia Corp., a leading supplier of graphics processors, is reportedly planning to unveil a graphics card that is likely to offer performance between the levels of the GeForce 7900 GT and the GeForce 7900 GTX as well as offer its performance for the price of about $299.

According to slides, which are presumably from Nvidia Corp., the company plans to released its GeForce 7950 GT product, which features 24 pixel processors, 8 vertex processors and 512MB of memory. The graphics card will come clocked at 550MHz for the chip and 1400MHz for the memory, as compared to GeForce 7900 GTX’s 650MHz/1600MHz clock-speeds and GeForce 7900 GT’s 450MHz/1320MHz.

Slides, which were published by IT.com.cn web-site claim that the GeForce 7950 GT is “the new king of the hill at $299” and compare it against ATI Radeon X1900 Pro graphics card based on the unreleased code-named RV570 graphics processing unit (GPU). It is unclear how Nvidia Corp. has managed to benchmark the unreleased product of its rival. Moreover, there is unofficial information by certain media outlets that ATI is planning to release a Radeon X1900 XT 256MB product at $299.

Another slide asks “Why are we making changes?” and responds that “to hit ATI while they are down!” causing doubts of the slides’ authenticity.

Nvidia Corp. officials did not immediately respond to emails seeking for comments.