These 3 Hot Tech Companies Have Their Heads in the Cloud

Three technology giants have all been spending lots of time with their heads in the clouds, and next week they will all unveil their lofty plans. Hewlett-Packard Co. (NYSE:HPQ), Microsoft Corp. (NASDAQ:MSFT), and Oracle Corp. (NASDAQ:ORCL) are all slated to talk about their plans for cloud technology next week at various events.

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Hewlett-Packard plans to discuss its public and private cloud plan during the HP Discover event in Las Vegas next week after launching the beta version of of its public cloud last month. Oracle will likely divulge details for its highly anticipated public cloud at an event in Redwood Shores, California next Wednesday.

Microsoft is expected to discuss new plans for its Azure platform that was largely forgotten after Amazon.com Inc.’s (NASDAQ:AMZN) Web Services began to dominate the public cloud space. Microsoft will supposedly announce Azure’s new ability to run persistent Linux VMs.

While all three companies are at different stages of development, they share a common goal of overtaking Amazon in the cloud space. Amazon has had a particular advantage in this domain due to the fact that the company does not have a software franchise.

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