December 12, 2011 | Business & Finance
Intel Cuts Q4 Outlook On Supply Shortage
INTEL CEO PAUL OTELLINI SPEAKS DURING HIS KEYNOTE ADDRESS AT THE INTEL DEVELOPERS FORUM IN SAN FRANCISCO, CALIFORNIA SEPTEMBER 13, 2011.
Intel Corp warned on Monday that its fourth-quarter results would miss the company's previous forecast due to hard disk drive supply shortages.
The world's largest chipmaker said quarterly revenue is now seen at $13.7 billion, plus or minus $300 million, versus $14.65 billion expected by analysts, according to Thomson Reuters I/B/E/S.
Intel said non-GAAP gross margin is expected to be around 65.5 percent in the quarter.
REUTERS