Amazon’s cloud chief targets “old guard” tech giants
November 29, 2012
Grazed from Yahoo. Author: Alistair Barr.
Amazon.com Inc’s cloud computing division is going after big corporate customers, a new focus that will put the fast-growing unit into direct competition with some of the world’s largest technology companies.
Andy Jassy, head of Amazon Web Services or AWS, criticized the hefty profit margins of what he called "old guard" tech companies on Wednesday and unveiled a new data warehousing service that he said will cost about a tenth of existing solutions…
"The old world of technology has a pricing model which is to charge as much as customers can pay. Customers are tired of it," Jassy said, during AWS’s first conference in Las Vegas, Nevada, where more than 6,000 people attended. He is banking on the division to take direct aim at tech stalwarts Oracle Corp, International Business Machines Corp and Hewlett-Packard Co, among others…
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