The Cloud ate EMC now Oracle is next

When the “cloud” first appeared , it was hailed as the Messiah by “Big Data” and all the other legacy hardware techs as a way to fee customers some more and line their pockets. They were wrong, very wrong. Oracle (who bought Sun Microsystems) even flaunted how much money they would make. Well payback is a MF. Google and Amazon are making a killing selling the cloud because it is does not eat into other revenue centers. EMC, Net App, Oracle, and IBM receive the bulk of their revenue from selling huge Data Storage Systems (slinging hardware). They then sell service contracts at nosebleed margins to make those 50%+ margins. Now comes the cloud and customers can buy the storage they need with no maintenance issues. Need more storage, just rent more storage. This is why EMC sold itself to Dell and IBM and ORCL will NEVER meet their revenue numbers. Welcome to hell fellas.