Data-center hardware market in '11: $100 billion
Source: David Paul Morris,
A customer looks over a Ford Fusion parked on the lot at the Serramonte Ford dealership on April 26, 2011 in Colma, California. Benefiting from strong demand for smaller cars and pickups Ford Motor Co. beat out Wall Street's estimates by reporting its best first quarter earnings since 1998 with a reported earnings of 2.6 billion dollars.
Number of the day
$100 billion
That's how big the market for data-center hardware was last year, and it may rise to $120 billion by 2015, according to Gartner. Computer scientists have been perfecting technologies that help the biggest Web companies, such as Google and Facebook, serve millions of users without having to buy expensive gear from established providers like Oracle and EMC. A horde of enterprise-focused startups may go public this year, topping the dot-com build out in scale.
Hear here
"Buy low, sell high, cut your losses, let your profits run."
Leon Cooperman, founder and CEO of the hedge fund Omega Advisors, on his value-oriented investment strategy. The former Goldman Sachs analyst says stocks offer the best opportunities, particularly in this country. Banks are more profitable, household debt has declined and companies are boosting capital spending. Yet stocks remain undervalued, he says, because of economic woes and uncertainty over the presidential election.
Heads up
U.S. vehicle sales for June will be reported by Ward's Automotive on Tuesday, and analysts expect cars and light trucks moved off the lot at an annual rate of 13.9 million, up from a 13.73 million pace in May. The indicator dropped as low as 9.34 million in February 2009 during the recession and topped 15 million in February of this year. Since then, the industry has been treading water, with consumer confidence slipping in June for a fourth straight month.
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