Tech industry
fromTheregister
4 days agoUS PC shipments to fall 13% as memory costs surge
US PC shipments are projected to decline by 13% this year due to a memory and storage crisis, impacting budget PCs the most.
Intel Corp. shares plunged about 17% after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems. First-quarter projections for revenue and earnings both fell well short of Wall Street estimates. And a conference call with analysts, where Tan said it would take time and resolve to turn around the company, sent the shares down further.