Phi Investing
Value, growth, tech, internet

Rackspace: A Silver Lining In The Cloud?

The cloud... the term is as ambiguous as what it describes. To simplify its purpose to one phrase... mobile access. Initially and prominently, the cloud served as an online storage solution. Since then, the cloud now is driving force to allow organizations to deploy in a device-agnostic environment, serve as a platform for development and deployment (PAAS - Platform as a Service) and offers greater connectivity across these solutions. Speed to market and agile development keeps a company competitive with lower margins and greater scalability. While simplified to the organizations that use them, their maintenance, support and innovative use requires more chops than traditional IT knowledge.

Recently, and unexpectedly, Rackspace (NYSE:RAX) announced the retirement of former CEO, Lanham...

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