compensation will be absolutely terrific." Meanwhile, Rackspace ( RAX +1.8% ) finished higher amid speculation the enterprise IT half of H-P could bid for the company. Rackspace called off its attempts to find a buyer last month, and
By Guido Giacalone : In May Rackspace (NYSE: RAX )(or the "company") hired Morgan ..... managed hosting play was in the market. Rackspace is a San Antonio-based provider of ..... entry in the cloud computing market. Rackspace finds itself in a particularly testing
t as surprising or disappointing as Rackspace 's ( RAX -16.1% ) decision not to launch ..... disappointed in the lack of buyback and calls Rackspace 's decision to stay independent "prudent ..... revenue. "Further, we believe that Rackspace ’s chief competitor, Amazon Web Services
By Chris Lau : Rackspace (NYSE: RAX ) announced it would end the evaluation ..... repurchase plan at this time. Rackspace was never evaluated as a takeover ..... AMZN ), at 14.3 times book. Rackspace closed at Complete Story »
Sept 16 (Reuters) - Cloud management services provider Rackspace Hosting Inc said it would not sell itself, sending its shares down 16.5 percent in after-market trading.
"Based on Rackspace 's (NYSE: RAX ) reaccelerated revenue growth and its potential trajectory ..... board. Watson is now non-executive chairman. Rhodes joined Rackspace in 2007 and has been president since February. Shares -16
Well into the red earlier amid a downgrade from JPMorgan, Rackspace ( RAX +0.2% ) has popped into the green over the past few minutes. Perhaps a deal with CenturyLink ( CTL ) is near? Previously: Rackspace lower after JPMorgan downgrade Post your comment!
JPMorgan rings the register on Rackspace (NYSE: RAX ), pulling its Overweight rating after the big late-summer rally in the stock. Rackspace 's current price has baked in a purchase by CenturyLink, a deal JPMorgan is skeptical of ever happening
By Joe Panettieri : I'm long on Rackspace (NYSE: RAX ), the hosting provider that has pushed ..... Google (NASDAQ: GOOG ) have squeezed Rackspace 's business. And now there are rumors that CenturyLink is negotiating to buy Rackspace as part of the telecom giant's push
Rackspace Hosting 's RAX first-quarter results were meaningfully ..... market, in our estimation. We think Rackspace may be suffering from two different ..... customers are switching away from Rackspace toward competing platforms or private