Use of Cloud Computing and Virtualization in the Time of Recession

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Cloud Computing Authors: Elizabeth White, Zakia Bouachraoui, Liz McMillan, Pat Romanski, Roger Strukhoff


Intel Says Business Stinks

The company now expects Q4 revenue to be over 10% lower than its previous guidance

Intel didn’t wait for its scheduled mid-quarter update on December 4. It came out after the market closed this evening and said business stinks. It took down its fourth-quarter projections. The company now expects Q4 revenue to be $9 billion, plus or minus $300 million, over 10% lower than its previous guidance of somewhere between $10.1 billion and $10.9 billion.

The news from the critical bellwether is expected to cast a big black pall over the entire industry.

Intel said revenue is being impacted by significantly weaker-than-expected demand in all geographies and market segments.

Besides that the PC supply chain is aggressively reducing component inventories.

The company figures it can pull out a fourth-quarter gross margin is ~55%, four points less than the ~59% it expected a few weeks ago primarily because of lower revenue and other charges associated with the weaker-than-expected demand environment.

The company's results are due January 15.

More Stories By Maureen O'Gara

Maureen O'Gara the most read technology reporter for the past 20 years, is the Cloud Computing and Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at) or paperboy(at), and by phone at 516 759-7025. Twitter: @MaureenOGara

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