Intel lowers outlook on disk drive shortage

Dec 12, 2011
US computer chip giant Intel lowered its fourth-quarter outlook, citing a hard disk drive shortage caused by flooding in Thailand.

US computer chip giant Intel lowered its fourth-quarter outlook on Monday, citing a hard disk drive shortage caused by flooding in Thailand.

Intel said it expected revenue of between $13.4 billion and $14 billion in the fourth quarter, down from its previous forecast of between $14.2 billion and $15.2 billion.

"Sales of personal computers are expected to be up sequentially in the fourth quarter," Intel said in a statement.

"However, the worldwide PC supply chain is reducing inventories and purchases as a result of supply shortages."

Intel said it expects disk drive supply shortages to continue into the first quarter of next year, "followed by a rebuilding of microprocessor inventories as supplies of hard disk drives recover during the first half of 2012."

Months of flooding this year shut down many hard disk drive factories in Thailand, which supplies about 40 percent of the world market for the crucial components.

Explore further: Sony forecasts $2B loss as smartphones lag (Update)

add to favorites email to friend print save as pdf

Related Stories

Thai flooding disrupting hard drive supplies

Oct 29, 2011

The massive flooding in Thailand is disrupting supplies of hard disk drives (HDDs) for the world's personal computer makers, according to companies and market intelligence firms.

Thai floods expected to hit PC shipments into 2012

Nov 10, 2011

Thai flooding will significantly slow the global production of personal computers well into 2012, analysts said Thursday, as the country's huge hard disk drive industry struggles to its feet.

Dell expects disk drive shortage to hurt revenue

Nov 16, 2011

Dell is likely to be hampered for a couple quarters by an industry-wide shortage of computer storage drives resulting from the recent flooding in Thailand, the computer maker said Tuesday.

Thailand flooding could affect PC supplies, prices

Oct 19, 2011

(AP) -- The personal computer industry, already reeling from depressed demand, has been dealt another setback: Massive flooding in Thailand has curtailed production of a critical component - computer storage ...

Recommended for you

Sony forecasts $2B loss as smartphones lag (Update)

10 hours ago

Sony expects its annual loss to swell to $2 billion and has canceled dividends for the first time in more than half a century after writing down the value of its troubled smartphone business.

Alibaba post-IPO structure gives insiders control

11 hours ago

Control over Alibaba Group will stay in the hands of founder Jack Ma and other company veterans after the Chinese e-commerce giant goes public on the New York Stock Exchange in a record busting share sale.

User comments : 0