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.
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