Big Blue Targets the Cloud

IBM (NYS: IBM) has announced that they'll be going into cloud computing. Already a leader in so many parts of the enterprise space, this is a foray into another gigantic growth market. In the above video, analyst Andrew Tonner provides the full run-down on this story, including what it means for current front-runners in the cloud computing arena.

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Andrew Tonner has no positions in the stocks mentioned above. The Motley Fool owns shares of and International Business Machines and has the following options: short JAN 2013 $150.00 calls on and long JAN 2013 $150.00 puts on Motley Fool newsletter services recommend, Rackspace Hosting, and Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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