The company declined to provide a forecast of second-quarter results.
He did not provide a forecast of how soon he expected markets would begin to turn.
It added: The Met Office does not provide a forecast for May as a whole, but a regularly updated 6-15 day forecast and a 16-30 day forecast.
The company did not provide a forecast for the second quarter or full year in its statement and did not hold a conference call for analysts and investors.
And the company disappointed analysts Thursday by declining to provide a forecast for 2010, he said, suggesting that the business outlook remains extraordinarily cloudy.
High-resolution forecasting already requires more processing power to provide a forecast for a given area within a given time: halving the grid spacing (from 12km to 6km, for example) increases the amount of computing power needed fourfold.
Hewlett executives declined to provide a forecast for the third quarter but said the company would meet analysts' estimates of $36.4 billion in revenue and 62 cents a share in earnings for the second half of its fiscal year.
And for the first time since the recession hit, Intel felt comfortable enough to provide a forecast for its current quarter, saying it expects revenue of $8.1 billion to $8.9 billion.
