Nightmare on Chip Street
By Sylvie Barak: Friday, 31 October 2008
INTEL HAS ADMITTED IT fears the credit crisis bogey man which lurks under its bed, trembling that the beast could suck up all the demand for chips and leave its key suppliers bankrupt, resulting in scarily serious product delays. In its latest 10-Q filing, Chipzilla made no effort to disguise its fears and worst nightmares that the “current uncertainty in global economic conditions poses a risk to the overall economy as consumers and businesses may defer purchases in response to tighter credit and negative financial news, which could negatively affect product demand and other related matters”. Chilling stuff.
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