by 
The Curious Bag
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<h4 class="dechead">On One Hand: Cookies Not to Blame
Cookies generally do not slow down your computer, unless you have close to one million of them. This would only occur if you visited around one million websites, which is unlikely. Both Netscape and Internet Explorer are programmed to accept only 300 cookies, so going over this limit means your computer rejects storing anymore.
On the Other: Cookies, Pop-Ups May Cause Slowing
A belief is held by others that cookies may slow down your computer, as they act as communicators between your computer and other websites. For example, if you visited your favorite website and returned to the site the following day, the computer remembers and returns your information to it. This process may cause slowing. Cookies may also expose you to annoying pop-ups, which interfere with running your computer.
Bottom Line
Overall, contrary to what many believe, cookies do not slow down your computer. In fact, cookies can speed up use, as they recall your information such as your user name and password, which saves you time in general. Cookies also help you avoid having to reload the website all over again by remembering where you were.
Source:
On-Site Computer Solutions: What is a Tracking Cookie
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