IBM revealed today that in May the SEC launched an investigation into how IBM reports its cloud revenue. This information was revealed in IBM's quarterly earnings report filed with the SEC. A company spokesperson told Business Insider:
Department’s National Institute of Standards and Technology (NIST) kicked off
the second Cloud Computing Forum & Workshop today at its headquarters in
Gaithersburg, Md., providing a report on
the agency’s efforts to collaboratively develop a Cloud Computing Roadmap among
multiple federal and industrial stakeholders.
After implementing its restructuring plan and reducing its workforce by 8.0%, CA Inc. (CA) has now turned its focus on enhancing its cloud computing portfolio. The company recently came up with a new technology, christened as CA Agile Vision Team Edition. This technology will run on the Force.com platform provided by the cloud computing major Salesforce.com (CRM).
Google Inc. (GOOG) announced major reductions in its pricing policies for various cloud computing products at the Google Cloud event in San Francisco yesterday, the first among many such announcements planned for the year. Prices for computing-capacity services have been reduced 32%, while data storage has become 68% cheaper for most customers.
IBM is trying to block the massive 10-year, $600 million cloud computing deal Amazon won from the CIA in January. Big Blue had also bid on the CIA cloud but didn't win. Now it has filed a protest, reports Federal Computer Week's Frank Konkel.
In just a few short years, cloud computing has become a tech that affects everyone's daily lives. Our personal files are stored in the cloud. We maintain our friendships via apps in the cloud. Mobile phones and tablets run powerful apps via the cloud, giving rise to new devices like tablets, and killing off others, like the netbook and, perhaps one day, the PC.
Ron Rowland submits:The first cloud computing ETF has arrived. On Wednesday (7/6/11), the First Trust ISE Cloud Computing Index Fund (SKYY) was listed for trading on the Nasdaq. Part of the reason investors had to wait so long is that like its namesake, cloud computing is somewhat amorphous, with no clearly defined boundaries and no GICS industry code.