Beyond the immense scope of the disaster for the citizens of Thailand, the country's recent floods have had a profound impact on the many high-tech companies (and their employees) that do business in the region. Here's a look at some of the fallout.If you'd like to help with the flood relief efforts, the Red Cross' Thai site is accepting donations.
Industry sources have suggested that hard disk prices could fall by 10 percent at the end of next month, the first sign of recovery from manufacturers since the Thai flooding disaster last October.
Western Digital and Toshiba have agreed to trade parts of their respective businesses by March 2012, leaving Toshiba with equipment and intellectual property to build 3.5-inch hard disks, and Western Digital with a shuttered 2.5-inch plant in Thailand and the divestiture it needed for approval to merge with Hitachi.
Seagate acknowledged that hard drive shortages will most likely continue throughout the calendar year of 2012, with supply trailing demand by about 150 million units by the end of 2012.
Despite the fact that neither AMD nor Nvidia manufacture a product that requires a magnetic drive, both claim that the hard drive shortages that resulted from the 2011 Thailand flood disaster impacted their ability to sell graphics processors, and ultimately their bottom line.
Western Digital's hard drive prices rose 47 percent to $69 per unit over last year, but it sold 23.7 million fewer hard drives, a 45 percent drop. The company expects manufacturing to return to pre-flood levels by September 2012.
Intel has reduced its fourth quarter revenue estimate to $13.7 billion as a result of hard drive shortages brought about by flooding in Thailand.
Sony announced today that after a long delay because of flooding in Thailand, the NEX-7 will start to ship to pre-order customers before the end of the year.
Sony USA COO Phil Molyneux says the NEX-7 will arrive in January.
Seagate CEO Steve Luczo was interviewed about the impact of the Thailand floods and assessed the future of industry, which may not return to normal until the end of 2013.
After indefinitely postponing the release of its new SLT and NEX cameras due to the flooding in Thailand, Sony has resumed production.
Nikon says sales of its 1 series cameras are strong. Will increase production in response to flooding of its base DSLR production facility in Thailand.
Nikon has issued a third official note on the damage to its facilities from the ongoing flooding in Thailand, and it looks like it will be closed into next year.
As expected, Sony just announced dismal earnings for the quarter and projected year.