Friday, January 22, 2016

Selloff Puts Cloud-Computing Upstarts in Play - WSJ

tbd if the vulture capitalists believe companies such as Box and Hortonworks have further to fall

"Enterprise-technology giants like International Business Machines Corp., Cisco Systems Inc., Hewlett Packard Enterprise Co. have all seen their market value shrink by at least 9% in the past month—underperforming the S&P 500 index, which fell 7% over the same period.

Some younger firms have fared much worse. Box Inc., a seller of Internet-based data storage, has dropped by 26%. Workday Inc., which sells online access to accounting and human resources software, lost 13%. The market capitalization of Hortonworks, which makes data-analytics software, has plummeted by half."
Selloff Puts Cloud-Computing Upstarts in Play - WSJ
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