Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, July 3, 2015

Article Excerpt

AMAZON.COM INC., $437.71, symbol AMZN on Nasdaq, plans to set up cloud data centres in India by next year. Amazon Web Services already has what it says are “tens of thousands” of customers in India using its cloud services at one of its 11 data centres worldwide. However, Indian customers are looking for lower latency—delays between computer input and output unnoticeable by humans but key for real-time processing in Internet services such as online trading, gaming and voice-over-Internet Protocol (VoIP) technology. Just as important for Indian customers, a local data centre will let them meet increasingly stringent government data sovereignty requirements. These require that data generated in India be stored in India. This makes it easier to enforce privacy regulations, as well as prevent data that is stored in a foreign country from being subpoenaed by the host country’s government. Amazon is still a hold. Amazon was recently covered in the June 2015 issue of Stock Pickers Digest. Click here to access it. Amazon…