The cloud is killing traditional hardware and software

http://akamai.infoworld.com/d/cloud-computing/the-cloud-killing-traditional-hardware-and-software-216963?source=rss_cloud_computing

Tuesday, April 23, 2013 7:17 AMThe cloud is killing traditional hardware and softwareCloud Computing - InfoworldDavid Linthicum

According to a report by Baird Equity Research Technology, "Cloud services will drive a shrinking IT spending pie. As companies increasingly replace server and networking infrastructure with cloud services, we see a meaningful direct impact on existing hardware and software vendors." That is, traditional enterprise tech vendors will earn less as IT migrates more and more to the cloud.