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: Out-of-patience investors sell off Amazon

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

Out-of-patience investors sell off Amazon

Oct 24, 2014

Amazon has long acted like an ideal customer on its own website: a freewheeling big spender with no worries about balancing a checkbook. Investors confident in founder and CEO Jeff Bezos' invest-and-expand ...

States ascend into the cloud

Oct 24, 2014

Seven years ago, the state of Delaware started moving computer servers out of closets and from under workers' desks to create a consolidated data center and a virtual computing climate.

Microsoft drops Nokia name from smartphones

Oct 24, 2014

Microsoft said Friday it was dropping the Nokia name from its Lumia smartphones, rebranding following the acquisition earlier this year of the Finnish group's handset division.

Amazon's loss makes holidays a question mark

Oct 24, 2014

Amazon's trademark smile icon is becoming more of a grimace. The world's largest online retailer reported a wider third-quarter loss than analysts expected and gave a disappointing holiday forecast.

User comments : 0