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by colinbartlett 3587 days ago
> $32 per-share-offer represents a premium of 6 percent to Rackspace's Thursday closing price.

Quite a fall from almost $80 in 2013.

I was a satisfied Rackspace customer back around 2001 when I had a web hosting business, but it was truly a premium service - very expensive compared to competitors. We ended up going with our own bare metal eventually. Then, when everything moved to the cloud, Rackspace seemed a little behind the times and Heroku and AWS got my business.

1 comments

ditto. customer in 2001-2003. Definitely 50% more than competitors back then for just a basic dedicated unix box. But founder and chief evangelist paid us a visit at our dinky little office in Manhattan, so that was a treat. :)
2011-2013 surely :-)
https://en.wikipedia.org/wiki/Rackspace

    Rackspace was launched in October 1998 with Richard Yoo as its CEO