BOSTON (Reuters) – Jeffrey Saut simply looks up to remind himself which tech stocks will be hot in 2011. Saut, chief investment strategist for brokerage Raymond James, says he is betting on companies that are leaders in cloud computing — using Internet technology to move computers and information away from desktops and into remote data centers. Despite the surge in cloud computing stock prices last year, investors are expecting an encore in 2011 as the revenue growth for these companies rises faster than the broader technology landscape. Will Danoff, who manages the $72 billion Fidelity Contrafund, is among the most
Salesforce.com Inc.
Cloud Computing Analysts encouraged by Microsoft’s ‘cloud’ progress SEATTLE (MarketWatch) — Wall Street analysts came away from Microsoft Corp.’s annual gathering encouraged by the company’s progress in adapting to a market in which software applications are increasingly delivered online, according to research reports published Friday. Microsoft increasingly has been moving into so-called cloud computing, where software is accessed through an Internet connection, rather than installed in a user’s computer. Younger rivals including Google Inc. (GOOG 484.85, -0.14, -0.03%) , Amazon.com Inc. (AMZN 117.89, +1.03, +0.88%) and Salesforce.com Inc. (CRM 98.95, +1.16, +1.19%) have sought to expand the cloud-computing market, while
