This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Cloud Computing Still Pie in Sky

Barely a week seems to go by without a tech company waxing lyrical about cloud computing. Whether it is Microsoft (MSFT - Get Report), which added more flesh to the bones of its online services strategy, Dell (DELL), IBM (IBM - Get Report) or Hewlett-Packard (HPQ - Get Report), everyone seems to be banging the cloud drum.

There has certainly been plenty of hype, but what about the reality? Cloud services, which offer compute power and storage via the Internet, are apparently the next big thing, but just how far along is this technology?

"It's definitely an evolution in progress," Katy Huberty, an analyst at Morgan Stanley, told TheStreet.com, explaining that no single tech company is holding all the cards. "From an end-to-end business solution [perspective] I don't think that anybody leads."

With the technology still in its adolescence, it is hard to say precisely when cloud technology will provide significant upside to investors. It is useful, however, to first make a distinction between the different types of clouds that are available -- basically "private" vs. "public."

Bulls in the Clouds

A private cloud could be used, for example, by a company looking to access IT resources across its own data centers, most likely through virtualized servers. A public cloud, on the other hand, would mean using the Internet to access applications and data hosted on someone else's gear.

A number of technology companies are touting the hardware and software to build both types of cloud. Notable among these are Cisco (CSCO - Get Report), with its UCS device, H-P, with its Matrix offering, and IBM, which recently launched a slew of new cloud products.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
DELL $0.00 0.00%
AMZN $436.04 0.00%
CSCO $27.22 0.00%
IBM $164.73 0.00%
HPQ $30.57 0.00%

Markets

DOW 17,683.58 -46.53 -0.26%
S&P 500 2,068.76 -8.02 -0.39%
NASDAQ 4,991.94 -17.2740 -0.34%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs