Recommended Server Hardware for database?

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Hello, we are in the process of building a new corporate website in Concrete.
Our developers have asked us (IT) for a database server to house the MySQL install for the website.
Are there any recommended specs for a database server? (RAM? Procs? Storage Space?)

The site gets about 250K unique page-views a day, will that put a large strain on the database?

Thanks for all your help!