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I can't believe you are asking this question...  Short  answer  you i3 CPU is at least 4 times more powerful than intel Pentium 4 you mentioned. The Mhz clock show how many cycles of work CPU is making every second it doesn’t say anything about how much data is processed it this time. Basically comparing  clock speed between distant generation of CPU is pointless. Your CPU may have lower clock speed but is processing significantly more (al least 5-6 times) in each cycle and therefore is much more efficient and powerful...