Cisco Systems (CSCO) is making a big bet to take on Amazon.com (AMZN) in the fast-growing cloud services sector. Cisco, the No. 1 maker of computer networking gear, said on Monday it plans to spend $1 billion over the next two years to enter the cloud-computing services market now dominated by Amazon’s Amazon Web Services unit. But the announcement didn’t spark Wall Street, as Cisco stock was down a fraction in morning trading in the stock market
Google (GOOG) announced Tuesday that it has launched its Chromecast streaming device in Canada, the U.K. and nine other new countries, expanding beyond the U.S. for the first time. It follows reports that Amazon.com (AMZN) plans to release a similar streaming “dongle”. The 11 countries are: Canada, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Spain, Sweden and the U.K.,
Amazon.com (AMZN) will reportedly start shipping its long-expected TV set-top box in early April. The Wall Street Journal, quoting unnamed sources familiar with the company’s plans, said in an online story late Monday that the video-streaming device will be sold through the Amazon.com website as well as retail outlets such as Staples (SPLS) and Best Buy (BBY). The move, which has been expected, will make Amazon a player in the crowded and fiercely