Hard disk loss $1 Bn
The floods in Thailand, and a number of other factors, have caused a huge shortage of computer hard disks. Intel has just announced that its 3 month revenue may be down by as much as $1 Billion due to lack of hard disks needed in new computers
Intel’s fourth-quarter results are expected to be below the company’s previous outlook due to hard disk drive supply shortages. The company now expects fourth-quarter revenue to be $13.7 billion, plus or minus $300 million, on both a GAAP and non-GAAP basis, lower than the previous expectation of $14.7 billion, plus or minus $500 million.