Microsoft targets Amazon with price cuts on "cloud" services

SEATTLE (Reuters) - Microsoft Corp is cutting prices for hosting and processing customers' online data in an aggressive challenge to Amazon.com Inc's lead in the growing business of 'cloud' computing. The world's biggest software company said on Tuesday it will match Amazon's prices for some of the more common online data services it provides, which would mean cutting prices by 21 to 33 percent. ...

via Tech News Headlines - Yahoo! News http://news.yahoo.com/microsoft-targets-amazon-price-cuts-cloud-services-130112013--sector.html