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New Dell fund will invest in data storage technology
by Staff Writers
San Francisco (AFP) July 17, 2012


The chief of US computer maker Dell on Tuesday announced the launch of a $60 million fund focused on investing in technology for storing the massive amounts of data being collected by businesses.

"We really believe in this explosion of data driven a lot by smartphones and tablets," Michael Dell, founder of the Texas-based company that bears his name, said at a Fortune Brainstorm Tech conference in Aspen, Colorado.

"The storage world is really getting shaken up a tremendous amount."

Dell saw "huge opportunity" for technologies and startups that help businesses store and make smart use of data being gathered in a world of mobile devices and applications hosted on servers in the Internet "cloud."

He said that was part of the motivation for Dell's purchases of EqualLogic and Compellent Technologies in the past five years and that his company would make more acquisitions in that area.

"We see this as an area of continuing innovation," Dell said. "So, these are the kinds of things we will be investing in."

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Microsoft revamps Office with 'cloud' links
San Francisco (AFP) July 16, 2012
Microsoft on Monday unveiled next-generation Office software overhauled to stay popular with people using tablets or smartphones to access programs in the Internet "cloud." Chief executive Steve Ballmer pulled back the curtain on the new software at a press event in San Francisco. The popular suite includes Word for documents, as well as programs for spreadsheets and other functions, and ... read more


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