Intel Expects Lower Q4 Revenue Due To Supply Shortage

Monday, December 12, 2011

Intel Expects Lower Q4 Revenue Due To Supply Shortage

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Intel 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.