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Tuesday, December 27, 2011

Intel’s Fourth-Quarter Revenue to Be Below Expectations Due to Hard Disk Drive Supply Shortages

Intel’s Fourth-Quarter Revenue to Be Below Expectations Due to Hard Disk Drive Supply Shortages: "SANTA CLARA, Calif., Dec. 12, 2011 – Intel Corporation today announced that the company’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."

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