Cloud 'will spur server sales'

Spur server sales?

I'm not sure I understand this - surely cloud computing is meant to increase the efficient use of computing resource by making increasing virtualisation, dynamic load redistribution, shared redundancy, the common use of shared resources, thin provisioning and all those other good things that we are being told of. No doubt there will have to be expenditure on new resources to realise this dream, but if it doesn't result in less hardware being purchased in the long run, then something has surely failed.

Of course the suspicion that this is yet another over-sold concept by the IT industry selling impossible dreams to gullible senior management cannot possibly be true...