Intel cuts Q4 revenue forecast by $1 billion due to hard drive shortages

We've already seen quite a few companies lower their forecasts in the wake of the Thailand floods and subsequent hard drive shortage, and it unsurprisingly looks like Intel is no exception. The company issued a press release today advising that its fourth quarter revenue is now expected to come in at $13.7 billion, plus or minus $300 million, and not $14.7 billion (plus or minus $500 million) as previously expected. If you do the math, that means the company is taking around a $1 billion hit in revenue, due largely to a reduction in the worldwide PC supply chain that's led to a drop in processor purchases.

Engadget, Intel cuts Q4 revenue forecast by $1 billion due to hard drive shortages