Amazon’s Expanding Ventures in Cloud Computing
Goldman Sachs assigned a “neutral” rating to Amazon (NASDAQ:AMZN) this week after previewing the fourth-quarter report due for release on January 31. Analyst concerns include European sales potential and the investments that Amazon will need to make into its services, notably including cloud storage. Amazon has released two new cloud storage products in as many weeks that expand the data backup and recovery options available to businesses.
Cloud storage – which has been prominent in the news lately as the industry assesses potential fallout from the shutdown of storage site Megaupload, whose operators have been accused of digital piracy — provides users with a third-party-facilitated online storage network that charges customers only for the space they use. This setup is designed to take potentially costly backup and storage responsibilities out of the hands of business owners, allowing them to focus more on data production than its upkeep…


