Intel suffers hard disk drive shortage

The largest chip maker expects lower revenue in Q4.

The company's shares were falling more than 4% since the start of trading on Monday . Intel (INTC) headquarters said fourth-quarter revenue will be in the range of $13.4 billion to $14 billion. Earlier it was expected that in the all-important holiday quarter, revenue would be 14.2 - 15.2 billion.
Intel is the world's largest maker of microprocessors, the "brains" of computers. The company said its revenues would fall as PC assembly plants face a shortage of hard disk drives. Floods in Thailand have disrupted component shipments to the computer maker's headquarters. Market research firm Isuppli announced earlier that $84.2 million worth of PCs will be shipped to the global market in the first quarter of 2012, down $3.8 million from previous estimates. Intel also reported that hard disk drive shortages will continue into the first quarter of next year.
In Monday morning trading, Intel shares were down 97 cents, or 3.9%, at $24.04.

According to the foreign press for ForTrader.ru