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Industry News Desk Chi-Chi Cloud Computing IPO Fails and Drops 20%
Rackspace Hosting, the rare high-tech IPO these days fails to hold up its end end after it debuted Friday in a Dutch auction
By: Maureen O'Gara
Aug. 15, 2008 07:30 PM
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Rackspace Hosting, the rare high-tech IPO these days and a chi-chi cloud purveyor at that, failed to hold up its end after it debuted Friday in a Dutch auction and dropped 20% to $10.01 from its offering price of $12.50, the low end of its $12-$16 range. Fifteen million shares were sold – all but 2.3 million coming from the company – and raising a total of about $187.5 million. It wants to expand outside the US. It started pushing toward $11 Monday. Rackspace, which is backed by Sequoia and Norwest Venture Partners, was going to go public in 2000 then thought the better of it.
Apache Deltacloud, the Red Hat-contributed ReSTful API that abstracts differences between clouds so services on any cloud can be managed – provided of course there’s a driver – has graduated from the Apache Foundation’s incubator and is now a full-fledged Top-Level Project (TLP).
The...
With Cloud Expo 2012 New York (10th Cloud Expo) just four months away, what better time to start introducing you in greater detail to the distinguished individuals in our incredible Speaker Faculty for the technical and strategy sessions at the conference...
We have technical and st...
AMD said late Tuesday that its chief sales officer Emilio Ghilardi had left the company and that CEO and president Rory Read is going to do his job while a replacement is sought.
AMD didn’t say why Ghilardi left but it’s assumed Read wants his own people. Read is relatively new to th...
During the lifespan of M3 (Monitis Monitor Manager) there has always been something lacking – timers.
M3 execution procedure was outlined in this previous article.
The execution mentioned in the latter was a one-time-execution, whereas server monitoring requires periodic invocati...
Red Hat is putting its bought-in Gluster scale-out NAS storage technology,
acquired in October, on the Amazon cloud.
It’s styled Red Hat Virtual Storage Appliance for Amazon Web Services and
other clouds are supposed to follow in short order.
A new episode of the screencast series is now available at the OpenNebula YouTube Channel.
This screencast demonstrates the new easily-customizable self-service portal for cloud consumers. Its aim is to offer a simplified access to shared infrastructure for non-IT end users. The scree...
