Amazon.com and Microsoft are locked in a battle to determine who will lead the cloud computing age. Corporate America is shifting from client-server computing, which began in the 1990s, to shared computing resources in the Internet cloud. The cloud age has just begun. But already Amazon (AMZN) and Microsoft (MSFT) have emerged as early leaders. Microsoft, which dominated during the earlier PC-server computing cycle, aims to be a top player in
Amazon.com’s recent debt financing program has made at least one analyst a little nervous. In a report Friday, John Blackledge, an analyst for Cowen, reduced his price target on Amazon (AMZN) to 320 from 325 a share and cut his profit estimates on the company for the next few years after the world’s largest online retailer raised $6 billion in debt financing earlier this week. Blackledge has a market perform rating on the stock. Amazon shares fell
Amazon (AMZN) announced Thursday that it is jumping deeper into the market for consumable goods by offering its own line of diapers and baby wipes under an exclusive program for Prime members. In another move, Amazon reportedly is testing a takeout and delivery service in Seattle under its Amazon Local daily deal service. The Amazon-brand consumable products are a direct challenge to sellers and makers of diapers and baby wipes. They’re being