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Due to the flooding in Thailand the cost of a Hard Drive is soaring, Intel slashes its sales forecast.

 
AK001
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12/15/2011 02:41 AM
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Due to the flooding in Thailand the cost of a Hard Drive is soaring, Intel slashes its sales forecast.
"NEW YORK (CNNMoney) -- Intel on Monday announced that it expects to badly miss its sales forecast for the current quarter because of the worldwide hard drive shortage caused by massive floods in Thailand.

The world's largest microchip maker said it continues to forecast that personal computer sales will grow this quarter. But PC makers are reducing their inventories of desktops and laptops, because they're having a difficult time finding hard drives to put in their computers. As the manufacturers reduce their PC stockpiles, they're scaling back their semiconductor purchases from Intel..."



[link to money.cnn.com]
AK001 (OP)

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12/15/2011 02:45 AM
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Re: Due to the flooding in Thailand the cost of a Hard Drive is soaring, Intel slashes its sales forecast.
wow, It could take months to fix.

Here is another article.



"Floods in Thailand have rattled the hard drive supply chain from component suppliers to giants like Western Digital and ultimately PC and server makers will be affected, say analysts. Thailand's disaster has shut down 14,000 factories, flooded hundreds of thousands of homes and put more than 660,000 out of work.

Last week, the impact of the flooding in Thailand played out very differently for hard drive giants Western Digital and Seagate, but shortages will loom into 2012, say executives.

Western Digital CEO John Coyne said that the company's December quarter revenue will fall 60 percent from a year ago since the company has a high concentration of supply chain factories in flooded areas..."

[link to www.cbsnews.com]
Anonymous Coward (OP)
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12/15/2011 12:26 PM
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Re: Due to the flooding in Thailand the cost of a Hard Drive is soaring, Intel slashes its sales forecast.
bump

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