The stock case for this resides in Amazon, which is continually investing in distribution centers, new products and its Amazon Web Services platform to the detriment of margins, and shareholders just keep paying 71.6 times forward earnings.

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The term Web 2.0 describes the post-dot-com generation of sites and services that use the Web as a platform--things like Flickr, BitTorrent, tagging and RSS syndication.

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Amazon Web Services, a far more tolerant platform, exiled WikiLeaks from its data centers two weeks ago, and financial firms have moved to choke the company too, including Visa, MasterCard, PayPal, and most recently, Bank of America.

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Google and Amazon Web Services, he says, can certainly provide a platform, but lack the same depth of experience serving the enterprise.

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It's likely that today, Amazon Web Services may be powering your favorite app, its development platform and its host.

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Going forward, the three key areas for us are developing new algorithms for web search, mobile services products, and Yandex e-commerce platform.

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In order to compete with the kingpin of that space, Amazon Web Services (AWS) and its Elastic Compute Cloud, Google has bolstered its platform with new features, including shared-core instances for low-intensity chores, advanced routing, large persistent disks up to 10TB in volume size and sub-hour billing to keep costs down.

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