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Tag: rackspace
Rackspace wins battle against "patent troll"
2014-09-23 14:20:51| IT Services - Topix.net
A company that challenged Rackspace in a patent infringement case has had its patent invalidated after the San Antonio-based cloud company fought back.
Tags: battle
patent
wins
troll
Tech Stocks: Adobe, Rackspace losses take tech spotlight
2014-09-18 12:50:39| IT Services - Topix.net
Losses from Adobe Systems Inc. and Rackspace Hosting Inc. stood out among tech stocks Wednesday, running counter to what was an otherwise broad slate of gains for the sector. shares fell almost 5% to close at $67.30 on reaction to the software company's latest quarterly results and forecast.
Tags: tech
adobe
losses
stocks
Rackspace decides to stay independent, under new CEO
2014-09-17 09:24:00| Telecompaper Headlines
(Telecompaper) Rackspace announced that it has has ended its evaluation of alternatives to being acquired, and that it has chosen to remain independent, under a new CEO. Taylor Rhodes will take up his new position with immediate effect, and also sit on the company's board. The new CEO has been at the company since 2007, serving in a number of roles. Rackspace co-founder Graham Weston, who has served as CEO and chairman since February, will now become non-executive chairman of the board. Rhodes will now lead and drive the company's cloud strategy. Rackspace said it had been approached by different parties, who expressed interest in exploring a strategic relationship, ranging from partnership to acquisition. After a comprehensive review, the board decided to terminate all merger and acquisition (M&A) discussions. Based on Rackspace's reaccelerated revenue growth and its potential trajectory for the coming year, the board concluded the company is best positioned to maximize shareholder value by executing its strategy as the number 1 managed cloud company.The board also considered a share repurchase programme.
Tags: stay
independent
ceo
decides
Rackspace: We're Not Selling but We Do Have a New CEO
2014-09-17 01:04:18| IT Services - Topix.net
Rackspace leadership announced they will not be selling the company. After reviewing a number of "alternatives," the company's management decided to press on with its strategy to pursue greater share of the managed cloud market and appointed its president Taylor Rhodes as new CEO.
Tags: new
selling
ceo
rackspace
Rackspace: We're Not Selling but We Do Have a New CEO
2014-09-17 00:26:33| Telecom - Topix.net
Rackspace leadership announced they will not be selling the company. After reviewing a number of "alternatives," the company's management decided to press on with its strategy to pursue greater share of the managed cloud market and appointed its president Taylor Rhodes as new CEO.
Tags: new
selling
ceo
rackspace
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