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Cloud War Erupts: Google Takes On AWS, Rackspace
Posted on June 29, 2012 at 09:30 AM EDT
Google's (GOOG) move into the cloud computing, infrastructure-as-a-Service (IaaS) market will pressure Amazon Web Services (AMZN) and Rackspace Hosting (RAX), says Jefferies analyst Thomas Seitz in a report out on Friday. Google introduced its "Compute Engine" and IaaS products on Thursday, sending down shares in Rackspace and other cloud stocks. "Google, given its size and technical know-how, could become a formidable competitor in the IaaS
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