Intel’s lowered forecast is a warning

Recent business section (and sometimes front new section) headlines for the past several weeks have made it clear the global economy isn’t healthy. The latest sales forecast from Intel Corp. signals how that is affecting the IT industry.
 
As these two stories report, Intel has sliced about US$1 billion from the anticipated US$14 billion it thought it would pull in this quarter. SiliconValley.com noted that both Hewlett-Packard Co. and Dell Corp. have lowered their earnings outlooks, while ComputerWorld U.S. pointed out that a slowdown for the semiconductor industry had been predicted, but not for processors.
(A third-generation Intel i7 CPU)
This may, of course, be a slowdown because organizations and consumers are holding back buying PCs until Windows 8 computers are released Oct. 26. Why buy a new Windows 7 laptop or desktop when a new operating system is around the corner. I’m one of those who’ve been holding off for that very reason.
 
Some evidence to back up that interpretation comes from one analyst who notes that demand for server processors is still steady.
 
Still, the Intel move may be a sign of a larger trend in the economy which is rippling through every sector, including IT.
 
Intel will release its third quarter figures on Oct. 16 

Would you recommend this article?

Share

Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.


Jim Love, Chief Content Officer, IT World Canada

Featured Download

Howard Solomon
Howard Solomon
Currently a freelance writer, I'm the former editor of ITWorldCanada.com and Computing Canada. An IT journalist since 1997, I've written for several of ITWC's sister publications including ITBusiness.ca and Computer Dealer News. Before that I was a staff reporter at the Calgary Herald and the Brampton (Ont.) Daily Times. I can be reached at hsolomon [@] soloreporter.com

Featured Articles

Cybersecurity in 2024: Priorities and challenges for Canadian organizations 

By Derek Manky As predictions for 2024 point to the continued expansion...

Survey shows generative AI is a top priority for Canadian corporate leaders.

Leaders are devoting significant budget to generative AI for 2024 Canadian corporate...

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now