Sun announced yesterday at SugarCRM’s SugarCon that it is building its own cloud computing platform to compete with Amazon’s EC2 offerings. Sun sees adding a hosted computing platform as a great business opportunity for the suffering company during economic hard times. “There will be lots of clouds and we see Sun as being a major player in that area,” said Lew Tucker, VP and CTO for cloud computing at Sun. Sun’s Solaris OS has had the capability of operating in a paravirtualized “cloud” environment for years and from the sounds of it they have simply built a reporting and billing mechanism around their zones and will be hosting the physical machines for users.