Teradata (TDC) Slumps to Session Lows Following Amazon's (AMZN) Redshift Preview

November 28, 2012 2:41 PM EST
Teradata (NYSE: TDC) has been seeing some pressure this afternoon with shares down nearly 3.5 percent on the session today.

Earlier, Amazon.com (Nasdaq: AMZN) announced a limited preview of Amazon Redshift, which is a "fully managed, petabyte-scale data warehouse service in the cloud," according to the release.

Amazon said pricing for Redshift was under $1,000 per terabyte per year, "one tenth the price of most data warehousing solutions available to customers today." Again, Amazon's word.

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