Intel Ditches Hosting Business

from the so-much-for-that dept

It was never really clear why Intel got into the hosting business in the first place. The obvious reason was there: everything Intel does is about selling more chips. They figured that if they could help encourage more companies to go on the internet it would increase the demand for machines, increasing the demand for chips. That said, however, it was a very different business for them to be in, and one that was already well stocked with competition. With the collapse of the dot com era, most of the competition struggled or went out of business entirely. Now, Intel has finally realized that they probably don’t belong in the business either and it will only cost them $100 million in writedowns to shut the whole operation down.

Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...