Iconic VC Firm Kleiner Perkins Considering Focused Fund for Cloud Startups More than 6 months back, I had written about the launch of the first cloud computing ETF, and how, in my mind, that represented cloud computing’s acceptance in the mainstream investing community (See: Packaging Cloud Computing as an Investment – First Cloud Computing ETF Launched). Now, this latest development may not be as mainstream, but it is certainly important considering the venture capital firm involved – Kleiner Perkins Caufield & Byers. According to a Bloomberg news report , the VC firm is contemplating starting a new fund focused on
Hewlett-Packard May Spin Off PC Business To Focus On Cloud Computing Hewlett-Packard Co (HPQ.N), which may spin off the world’s largest PC business, is no longer a “safe haven” stock, said Robert W. Baird, which downgraded the stock to “neutral” on weak results and the company’s decision to overhaul its portfolio. As part of a series of moves away from the consumer market, the iconic company associated with the birth of Silicon Valley plans to kill its new tablet and buy British software company Autonomy Corp (AUTN.L) for $11.7 billion. “We are directionally positive on the shift to high-growth, high-margin
(Reuters) – New York City has hired IBM to consolidate the technology departments for more than 50 city agencies by using “cloud computing,” the company said in a statement on Sunday. New York City, which faces a deficit of as much as $4.4 billion (2.7 billion pounds), could save $100 million (63 million pounds) over five years by harnessing underutilized computing power with this method, IBM said. IBM will be paid about $10 million (6 million pounds) for the first phase of the project, which it hopes will be an expanding program. “By modernizing technology infrastructure, government organizations are able
(Reuters) – Google Inc’s new Chrome PC may meet with chilly demand from China as tensions between Beijing and the search giant curb the latter’s offerings and as netbook sales slowly fall off the cliff in the world’s second largest PC market. Google’s laptops, promote Web-centric computing where people use online applications instead of software loaded onto PCs, are expected to ship in the middle of next year. But the focus on cloud computing and Google’s tussle with Beijing earlier this year over censorship and hacking could make it difficult for the operating system to replicate the success of Google’s
Amazon Cloud Host stops hosting WikiLeaks site (Reuters) – Amazon.com Inc has stopped hosting WikiLeaks’ website, which posted thousands of classified U.S. government documents this week, U.S. Senate Homeland Security Committee Chairman Joe Lieberman said on Wednesday. The move comes after Lieberman’s staff made inquiries to Amazon on Tuesday as reports surfaced that WikiLeaks had asked Amazon to host its website on the Amazon servers after hackers targeted the WikiLeaks site. A representative for Amazon was not immediately available for comment.