IT crisis looming: 'What if AWS goes pop, runs out of cash?'

jmke · 15th October 2014, 14:10

The big public infrastructure-as-a-service (IaaS) players may be on the brink of a crisis as cataclysmic as the 2008 banking crash, as they slash prices while spending billions on building out and staffing their operations.

Or so claimed Steve Brazier, CEO at channel beanie Canalys, who warned resellers steering their customers in such a direction to be very careful about the financials of their cloudy suppliers.

“Hundreds of millions of dollars has been spent on building out public cloud infrastructure. We don’t know anybody in the world who is profitable,” he told an audience of 900 at the Channels Forum 2014.

http://www.channelregister.co.uk/201...c_iaas_crisis/

15th October 2014, 14:10	#1
jmke Madshrimp Join Date: May 2002 Location: 7090/Belgium Posts: 79,021	IT crisis looming: 'What if AWS goes pop, runs out of cash?' The big public infrastructure-as-a-service (IaaS) players may be on the brink of a crisis as cataclysmic as the 2008 banking crash, as they slash prices while spending billions on building out and staffing their operations. Or so claimed Steve Brazier, CEO at channel beanie Canalys, who warned resellers steering their customers in such a direction to be very careful about the financials of their cloudy suppliers. “Hundreds of millions of dollars has been spent on building out public cloud infrastructure. We don’t know anybody in the world who is profitable,” he told an audience of 900 at the Channels Forum 2014. http://www.channelregister.co.uk/201...c_iaas_crisis/ __________________

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