Posted on 01/15/2011 1:54:40 AM PST by Silentgypsy
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.
(Excerpt) Read more at ca.reuters.com ...
Sounds like another typical tech scam....
Nothing about cloud computing is new. I sat in on a cloud computing roundtable discussion event several weeks ago, and one of the panelists made a comment like “I used to be an application service provider, then I did software as a service, now I do cloud computing.” Anyone who has been in tech for more than 10 years should get it; he got a really good laugh out of the room.
There are a lot of serious issues with cloud computing, not the least of which is data security.
And, as that's what makes the register ring...
The danger is information security. Plus a federal warrant against a business doesn’t bring the same angst to the general public as a warrant against an individual computer.
Since T. Roosevelt’s days Americans have been lead down the socialist path that business doesn’t deserve rights. People hardly bat an eye when big government manipulates and abuses businesses.
It makes the job of tyranny that much easier.
Exactly. Since when is storing data and applications in remote, off-site locations and accessing it with "dumb terminals" a new idea? That's what we were doing decades ago during the mainframe era! Sheesh.
I despise the computer/high tech field. Aside from basic everyday functionality that really doesn't change much over time, the entire field is nothing but a scam where high tech vendors scramble to constantly make their own products obsolete. I worked in this field for 20 years before the stress and meaningless futility of the work burned me out.
I used to make a solid six-figure income in this field, but I would not go back to it for ANY amount of money now. It's mostly all pure bovine excrement like this "cloud computing" BS.
If I am reading you and the panelist correctly, nothing has changed but the name. Kinda like global warming, climate change, etc.
It’s mostly all pure bovine excrement like this “cloud computing” BS.
...and it appears that many companies and some investors are set to make some pretty good money on the ability of high tech companies to sell bovine excrement. Anyone remember the IPO numbers for Google or Amazon?
I don’t think all of what those two alone offer, is bovine stuff. Maybe the subject needs a bit more specifics. I’m not in the business, so I don’t know specifically.
***The danger is information security. Plus a federal warrant against a business doesn’t bring the same angst to the general public as a warrant against an individual computer.***
Exactly. Who holds the code? What about industrial spies? And on the home front, how about freedom of speech?
fewer still bat an eye about business ever concentrating capital ( including information).
In my opinion “the Cloud” is a lot of hot air. And another way to extend government intrusion in your records and personal life.
Yep, nothing like sharing all of your critical business data with a few billion "friends"...
Cloud computing is one of the most misused tech terms these days. People think if they are a software service provider they are “cloud computing” enabled. Hooey. Real cloud computing is related to distribution of processing, providing the software as a service is only a means to acheive this distribution. If I have a computing-intensive problem, I can distribute this among a variety of nodes via a service and get super-computer like performance by renting processing power.
But here’s the biggest issue of all: what happens if you lose Internet connectivity. Indeed, that’s one of the big downsides of tablet computers—if you lose Internet connectivity they become a lot less useful.
I was working in the field during the .com bubble.
I won’t be fooled again.
Reminds me of the old days when I worked for a mini-mainframe computer company. We all had dumb terminals including the one I had at home (with 1200 baud modem!). Server or network goes down, work ceases. Regardless, no way do I want my data and apps on some cloud. I much prefer having it on 2 or more PCs in the house with backups close at hand.
from today’s Barron’s:
http://online.barrons.com/article/SB50001424052970204555504576075934221254282.html?mod=BOL_hpp_dc
“IF INTEL NO longer controls the computer business, then who does? Surely not Microsoft, which right now is more obsessed with things like Kinect than with the PC. No, the most important company you’ve never heard of is ARM Holdings (ARMH), a 20-year-old outfit based in Cambridge, England.”
[more]
from the same article-
“ARM gets paid a royalty every time a device ships with one of its designs in it. And the chips all those companies sell based on ARM’s designs account for roughly a quarter of all the semiconductors sold every year.”
Thanks for the link! Had no knowledge of ARMH. It’ll be interesting to see how the market plays out.
The ARMH v INTC struggle is for control of the next 20 yrs.
INTC won’t collapse overnight. It may take a few months.
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