TweakTown
Tech content trusted by users in North America and around the world
5,908 Reviews & Articles | 38,049 News Posts

Intel's fourth-quarter revenue to be below expectations due to HDD supply shortages

Intel fourth-quarter to be below expectations due to Thailand floods and HDD supply shortages

| Business, Financial & Legal News | Posted: Dec 13, 2011 3:29 am

Intel have just announced that their fourth-quarter results are going to be lower than their previous outlook due to the Thailand floods and the resulting shortage on hard drive supplies. Intel now expects a fourth-quarter revenue of $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.

 

TweakTown image news/2/1/21875_03_intel_s_fourth_quarter_revenue_to_be_below_expectations_due_to_hdd_supply_shortages.png

 

Sales of PCs are expected to be up sequentially in Q4. But, the worldwide PC supply chain is reducing inventories and microprocessor purchases as a result of hard disk drive supply shortages. Intel expects the HDD supply shortages to continue into Q1 2012, followed by a rebuilding of microprocessor inventories as supplies of HDDs recover during 1H 2012.

 

Intel expects the fourth-quarter gross margin to be 64.5-percent, plus or minus a couple of percentage points, lower than the previous expectations of 65-percent, plus or minus a few percentage points. The expectation for a non-GAAP gross margin is 65.5-percent, plus or minus a few percentage points, lower than the previous expectations of 66-percent, plus or minus a few percentage points.

 

All other expectations from Intel remain unchanged.

NEWS SOURCE
Newsroom.intel.com

Related Tags

Further Reading: Read and find more Business, Financial & Legal news at our Business, Financial & Legal news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

TweakTown Web Poll

Question: Facebook's acquisition of Oculus VR will...

Improve Oculus Rift Development

Hamper Oculus Rift Development

Completely destroy Oculus Rift Development

Let's wait and see, I'm not sure

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases