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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

IBM, AT&T Dive Deeper Into Cloud

IBM, like its rivals, has also thrown its weight behind cloud computing, both within its own business, and as an external revenue stream.

Sanford explained that the Smart Analytics Cloud was born out of an internal IBM project dubbed "Blue Insight," which aims to gather information from more than 100 information warehouses and data stores. Some 60,000 IBM employees will have access to Blue Insight by the end of the year, she told TheStreet, a figure which will rise to 200,000 in the next 12 to 18 months.

AT&T is another company touting new cloud technology this week, unveiling its Synaptic Compute as a Service offering. Built on hardware from Sun and software from virtualization giant VMware, the telecom firm is extending its current storage cloud into the computing arena.

Hinting that cloud is fast becoming an arms race, AT&T has made much of VMware's involvement in its new service, and is clearly looking to tap into the ongoing buzz surrounding the virtualization trailblazer.

VMware, for its part, is attempting to establish itself up as a major piece in the cloud infrastructure jigsaw. The software maker's AT&T deal comes hot on the heels of its recent partnership with Cisco (CSCO) and EMC (EMC).

Despite plenty of vendor hyperbole, however, cloud is still in its relative adolescence, and users are still skeptical about aspects of the technology.

A survey by the IT Industry Council (ITIC) earlier this year, for example, found that 85% of companies will not implement a cloud in 2009 because of fears that service providers may not be able to adequately secure sensitive data.

Other hurdles in the path of cloud computing include lack of standards for the technology, which has already prompted some acerbic vendor infighting and general wariness of new concepts.

Now see Top Rated Wireless Stocks.>>

-- Reported by James Rogers in New York

2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,001.22 -38.27 -0.22%
S&P 500 1,988.40 -3.97 -0.20%
NASDAQ 4,538.5510 +6.4470 0.14%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs