Intel has informed its shareholders that its fourth-quarter results will not match its earlier outlook. The reason: a global shortage of hard disk drives, due to flooding in Thailand earlier this year. Now the company expects fourth-quarter revenue to be approximately $13.7 billion, down from the previous estimate of roughly $14.7 billion.
These current challenges will carry into the first quarter, said Intel spokesperson Jon Carvill. “The indication is that by the latter half of the first part of 2012 we should see a recovery.”
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Thailand's Summer Floods Leave Intel High and Dry
Posted by: Erika Morphy December 12, 2011 03:30 PMIntel has informed its shareholders that its fourth-quarter results will not match its earlier outlook. The reason: a global shortage of hard disk drives, due to flooding in Thailand earlier this year. Now the company expects fourth-quarter revenue to be approximately $13.7 billion, down from the previous estimate of roughly $14.7 billion.
These current challenges will carry into the first quarter, said Intel spokesperson Jon Carvill. “The indication is that by the latter half of the first part of 2012 we should see a recovery.”