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Investors try to finger best cloud computing bets
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04/19/2010
Investors knew that cloud computing was a good choice for investment when 2010 began, but the difficult decision for even the best analyst was which company was the best value. According to Fool.com, cloud computing became so popular on Wall Street at the beginning of the year that finding value was especially difficult. Companies like Salesforce.com and Amazon have become two of the biggest players in the cloud computing market, but they weren't particularly strong bets for investors due to their rising prices. However, the sector's rapid growth produced a number of companies that represented great investments due to product or service offerings that quickly became popular among enterprise and personal users. The news provider reports that NetSuite, a provider of SaaS enterprise solutions, has operated for more than 10 years, but the growth of cloud computing made it an even more appealing option for consumers. NetSuite signed 295 new clients in the last quarter - the most it ever has in a three-month stretch. Goldman Sachs reported in February that the global shift to cloud computing was an inevitability as companies looked for ways to trim their IT budget and maintain performance. As these organizations continue their economic expansion, both the economy and IT industry are expected to benefit from the economic development.
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