Microsoft Challenges Google Docs

Microsoft Inc. (MSFT)

On Tuesday Microsoft (NASDAQ: MSFT) launched its new cloud product, Office 365.

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(247wallst.com) Many of the business clients of the world’s largest software company no longer want Office to run on their PCs and servers. These customers want something more like Google (NASDAQ: GOOG) Apps which runs on remote servers paid for by the search company. Other firms which target businesses have been cloud-based for some time. Perhaps the best-known is SalesForce.com (NYSE: CRM). But, companies from Oracle (NASDAQ: ORCL) to SAP (NYSE SAP) have large numbers of cloud-based products.

As Microsoft CEO Steve Ballmer released the new Office 365 he didn’t mention the degree of security that cloud computing offers, or in some cases does not offer at all. It should matter a great deal. Hackers have broken into server farms used as the backbone of the “cloud.” The most notable may be the hack made of Amazon (NASDAQ: AMZN) servers to take down the Sony (NYSE SNE) PlayStation Network. There are a number of reports that say the Amazon Web Services servers Sony uses were the route that malicious programmers took.

Read more: Microsoft Office 365, The Cloud, And Legions Of Hackers - 24/7 Wall St. http://247wallst.com/2011/06/29/microsoft-office-365-the-cloud-and-legions-of-hackers/#ixzz1QgTD4bhP

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