Amazon.com Cloud Push Seen Creating ‘Losers’ In IT
November 21, 2013
Grazed from Investors.com. Author: Reihardt Krause.
Amazon.com’s widening push into cloud-computing services has the traditional IT industry bracing for more competition. Amazon Web Services, the cloud unit of the e-commerce leader, this month showcased its fast-growing cloud wares for large enterprises at its own developers conference. Amazon’s shift in focus from smaller companies to big enterprises is having an impact on many information technology companies.
Shares of data center technology firmsCitrix Systems (CTXS) and VMware (VMW) fell last week after AWS announced new services. IBM (IBM) has launched an ad campaign vs. Amazon (AMZN) on their respective cloud prowess. Rackspace Hosting (RAX) and others, meanwhile, are struggling to make the investments needed to challenge AWS…
AWS is a growing provider of infrastructure-as-a-service, or IaaS, in which companies rent computers and data storage via the Internet. Microsoft (MSFT), Google (GOOG) and other Internet firms also have emerged as strong players in cloud-computing services…
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