Intel lowers outlook on disk drive shortage

Intel said it expected revenue of between $13.4 billion and $14 billion in the fourth quarter
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.


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(c) 2011 AFP

Citation: Intel lowers outlook on disk drive shortage (2011, December 12) retrieved 22 October 2020 from https://phys.org/news/2011-12-intel-lowers-outlook-disk-shortage.html
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