Data Center Market is Sour

By Deane Barker on June 18, 2003

Take My Data Center, Please: Myself and some other people had thrown around the idea of building a data center, as there’s currently no co-location facility in Sioux Falls.

…in the last couple of weeks, even Cousteau himself might have been impressed by the depths that were plumbed, as two of the industry’s largest players, Cable & Wireless and Sprint, announced in quick succession that they planned to exit the U.S. Web hosting business.

Apparently data centers are being sold for between 10 and 60 percent of their development cost. Yikes.