  We have cross-correlated the SDSS DR3 Schneider et al. (2005) quasar catalog
with the XMM-Newton archive. Color and redshift selections (g - r > 0.5 and 0.9
z < 2.1) result in a sample of 17 red, moderate redshift quasars. The redshift
selection minimizes possible contamination due to host galaxy emission and
Lyalpha forest absorption. Both optical and X-ray information are required to
distinguish between the two likely remaining causes of the red colors: 1)
dust-reddening and 2) an intrinsically red continuum. We find that 7 of 17
quasars can be classified as probable `intrinsically red' objects. These 7
quasars have unusually broad MgII emission lines (<FWHM>=10,500 km s^{-1}),
moderately flat, but unabsorbed X-ray spectra <Gamma>=1.66+/-0.08), and low
accretion rates (mdot/mdot_{Edd}} ~ 0.01). We suggest low accretion rates as a
possible physical explanation for quasars with intrinsically red optical
continua. We find that 8 of 17 quasars can be classified as dust-reddened.
Three of these have upper-limits on the absorption column from X-ray spectral
fits of N_H = 3-13 x 10^{22} cm^2, while the other five quasars must be
absorbed by at least N_H = 10^{23} cm^2 in order to be consistent with a
comparably selected alpha_{ox}-l_{uv} distribution. Two objects in the sample
are unclassified.
