Are Cloud Computing Stocks Overvalued? “It’s only when the tide goes out that you learn who’s been swimming naked.” – Warren Buffett, legendary American investor and one of the richest men in the world. If one were looking for lessons in creating wealth in the stock market, there can be no better teacher than Warren Buffett. In fact, I would venture that he is the guru of value investing, a an investment paradigm that derives from the ideas on investment and speculation that Ben Graham and David Dodd derived while at Columbia Business School. Not surprisingly, Buffett was one of
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Venture Capitalists Flock To Cloud Computing Startup Dell was born in a room at the University of Austin. Facebook originated from a Harvard dorm. Box.net, tracing its origin to a room in the University of Southern California, may or may not become as large as Dell and Facebook, but if recent indications are anything to go buy, people are willing to bet big money on it. Box.net, a Silicon Valley startup that offers online file-storage and collaboration software, announced that it has obtained $48 million in fourth-round funding to finance its aggressive expansion plans. Meritech Capital Partners contributed $38 million
Cloud Computing Adoption Can Generate EUR 763 Billion in Europe by 2015, Cloud Dividend Report Cloud-based solutions and adoption of cloud computing could generate up to EUR 763 billion in economic benefit in the five largest European economies by 2015, part two of EMC Corporation’s 2011 Cloud Dividend report conducted by the Centre for Economics and Business Research (CEBR) revealed. The report studied possible economic benefits of cloud computing adoption and deployment of cloud-based solutions in France, Germany, Italy, Spain and the United Kingdom. Distribution, retail and hotels sectors alone could generate EUR 233 billion in value in the next
Cloud Computing Risks (And How to Deal With Them) “Fear of failure must never be a reason not to try something.” – Frederick Smith, founder, chairman, president, and CEO of FedEx. There is absolutely no doubt that cloud computing is beneficial to companies looking to revolutionize their IT infrastructures. However, there is no denying that certain concerns do remain. While we do advocate what Mr. Smith says in the quote above, of not refusing to embrace new technology for fear of setbacks, it’s always better to recognize beforehand some risks with cloud computing and how to deal with them. Here,
Runa Capital Sets Aside USD 50 Million to Back Cloud Computing and IT Companies Moscow-based venture capital company Runa Capital decided to increase its funding program to USD 50 million aimed at backing technology and Cloud Computing companies in Russia and abroad. The goal of the venture capital fund is to invest in early-stage Russian IT companies and growing number of investors share the company’s vision that Russia’s technology market has huge potential, the company said in a press release. Competing on a global level is often a problem for Russian IT companies although the government in Moscow announced a
CSC Introduces First On-premise Private Cloud Billed as a Service Computer Sciences Corporation (CSC), which provides consulting and IT services to industry and government introduced .CSC BizCloud™, the only on-premise private cloud billed as a service currently available, the company said. The main advantage offered by the new cloud solution is its ability to combine the privacy, security and control of a private cloud with the agility, convenience and commercial model of a public cloud. Thus, organizations that are security-sensitive will be able to adopt Cloud Computing solutions. “BizCloud and CloudCompute provide the centerpiece of the modern virtualized datacenter. There
Workbooks Develops CRM Solution with Cloud Computing in Mind A small team of Cloud Computing entrepreneurs founded Workbooks Ltd. in 2007, realizing that future is in cloud-based technologies and applications. John Cheney (CEO), James Kay (CTO), Jenny Robb (CFO), and Edward Berks (Sales Director) were among those European business people who successfully started technology companies before 2007 but their new start-up was entirely cloud-based, offering web-based CRM and business applications delivered via Software as a Service (SaaS). The flagship products of the UK-based company include Workbooks CRM and Workbooks Business that were developed with SaaS in mind (John Cheney founded
