2012 Cloud Computing Tech Stocks to Know

A cloud, in case you've been living in one of them, isn't just a collection of vapors but the term for a group of server computers working together to supply vast computing power accessible via the Internet. As reported on Barron's, this year will see a substantial investment by Apple, Amazon and others to build out the cloud, requiring new types of server computers and the components that make them possible.

"Another young-ish firm worthy of note is 10-year-old OCZ Technology (OCZ), which went public in April of last year. It is giving Stec (STEC), the market leader, a run for its money selling storage drives made of flash-memory chips. It's another instance, as with Fusion-IO, of how those little memory chips are taking over the world. Corporate-computing facilities, and especially cloud-computing facilities, increasingly are looking to flash drives to speed up performance.

"Unlike Fusion-IO, OCZ, at a recent price of $6.61, fetches a more reasonable multiple of 11.8 times the projected 56 cents a share in profit it might produce in the fiscal year ending in February 2013."

Read the Full Story at Barron's