Rich Miller - Seeking Alpha 'Rich Miller' Tag RSS Syndication from SeekingAlpha.com SeekingAlpha.com http://seekingalpha.com/author/rich-miller VMware: Co-Founder Rosenblum Departs http://seekingalpha.com/article/94624-vmware-co-founder-rosenblum-departs?source=feed 94624 Mendel Rosenblum, the co-founder of VMware (VMW), has resigned his post as Chief Scientist and left the company.

The departure of Rosenblum is not a surprise, coming just two months after the board fired his wife and co-founder Diane Greene as CEO. Rosenblum’s exit comes at an awkward time, becoming public just ahead of next week’s VMworld trade show in Las Vegas, where a record crowd of 14,000 attendees is expected. Rosenblum’s resignation was reported  by Virtualization.info and also briefly noted aNew York Times story about the ongoing fallout from Greene’s firing. Both stories noted that VMware recently lost another key executive, Executve Vice President of R&D Richard Sarwal.

]]> Tue, 09 Sep 2008 10:12:43 -0400 Rich Miller Mendel Rosenblum, the co-founder of VMware (VMW), has resigned his post as Chief Scientist and left the company.

The departure of Rosenblum is not a surprise, coming just two months after the board fired his wife and co-founder Diane Greene as CEO. Rosenblum’s exit comes at an awkward time, becoming public just ahead of next week’s VMworld trade show in Las Vegas, where a record crowd of 14,000 attendees is expected. Rosenblum’s resignation was reported  by Virtualization.info and also briefly noted aNew York Times story about the ongoing fallout from Greene’s firing. Both stories noted that VMware recently lost another key executive, Executve Vice President of R&D Richard Sarwal.


Complete Story »]]> EMC MSFT VMW Rich Miller Date Center Stocks Buck the Tape in 2Q http://seekingalpha.com/article/83457-date-center-stocks-buck-the-tape-in-2q?source=feed 83457 After a dismal first quarter of 2008, data center stocks roared back to huge gains in the second quarter, with 9 out of 12 publicly held companies scoring double-digit gains. All but one data center specialist beat the Dow, which declined 7.44 percent in the second quarter, while the S&P 500 fell 3.3 percent and the NASDAQ managed a 0.6 percent gain.

The surge marked a solid recovery from the first quarter, when all 13 stocks we track lost ground (one company, Bladelogic, has since been acquired). Shares of data center companies were beaten up early in the year by concerns that the credit crunch and losses in the financial sector would lower demand for data center services.

]]> Wed, 02 Jul 2008 02:20:19 -0400 Rich Miller After a dismal first quarter of 2008, data center stocks roared back to huge gains in the second quarter, with 9 out of 12 publicly held companies scoring double-digit gains. All but one data center specialist beat the Dow, which declined 7.44 percent in the second quarter, while the S&P 500 fell 3.3 percent and the NASDAQ managed a 0.6 percent gain.

The surge marked a solid recovery from the first quarter, when all 13 stocks we track lost ground (one company, Bladelogic, has since been acquired). Shares of data center companies were beaten up early in the year by concerns that the credit crunch and losses in the financial sector would lower demand for data center services.


Complete Story »]]> AKAM DLR EQIX LLNW NAVI RACK SDXC TMRK Rich Miller Rackspace IPO an Important Sector Indicator http://seekingalpha.com/article/74354-rackspace-ipo-an-important-sector-indicator?source=feed 74354 Internet infrastructure specialist Rackspace, Inc. has filed for an IPO in which it hopes to raise $400 million. The shares will be sold through a "dutch auction" process similar to that used by Google (GOOG) in 2004. The offering could serve as an important indicator of future IPO prospects for the managed hosting sector, which has been a focus for investment by venture capital and private equity firms.

Rackspace is the world’s largest privately-held managed hosting specialist, and has become known for its strong brand, built on a commitment to "Fanatical Support." The San Antonio, Texas company filed for a public offering in 2000, only to withdraw its plans after the dot-com crash chilled the market for Internet-related IPOs.

]]> Mon, 28 Apr 2008 06:07:04 -0400 Rich Miller Internet infrastructure specialist Rackspace, Inc. has filed for an IPO in which it hopes to raise $400 million. The shares will be sold through a "dutch auction" process similar to that used by Google (GOOG) in 2004. The offering could serve as an important indicator of future IPO prospects for the managed hosting sector, which has been a focus for investment by venture capital and private equity firms.

Rackspace is the world’s largest privately-held managed hosting specialist, and has become known for its strong brand, built on a commitment to "Fanatical Support." The San Antonio, Texas company filed for a public offering in 2000, only to withdraw its plans after the dot-com crash chilled the market for Internet-related IPOs.


Complete Story »]]> RAX Rich Miller Amazon's AWS Growth: Really Big, Really Vague http://seekingalpha.com/article/62677-amazon-s-aws-growth-really-big-really-vague?source=feed 62677 While most of the financial analysts and press are focusing on shrinking profit margins at Amazon (AMZN), TechCrunch and Read Write Web have picked up on a paragraph in the company's earnings report that briefly discusses its utility computing initiatives. Here's what Amazon reported:

Adoption of Amazon Elastic Compute Cloud (EC2) and Amazon Simple Storage Service (S3) continues to grow. As an indicator of adoption, bandwidth utilized by these services in fourth quarter 2007 was even greater than bandwidth utilized in the same period by all of Amazon.com’s global websites combined.

]]> Fri, 01 Feb 2008 06:02:26 -0500 Rich Miller While most of the financial analysts and press are focusing on shrinking profit margins at Amazon (AMZN), TechCrunch and Read Write Web have picked up on a paragraph in the company's earnings report that briefly discusses its utility computing initiatives. Here's what Amazon reported:

Adoption of Amazon Elastic Compute Cloud (EC2) and Amazon Simple Storage Service (S3) continues to grow. As an indicator of adoption, bandwidth utilized by these services in fourth quarter 2007 was even greater than bandwidth utilized in the same period by all of Amazon.com’s global websites combined.


Complete Story »]]> AMZN Rich Miller Limelight Networks' IPO Drives CDN Enthusiasm, Akamai Shares Gain 8% http://seekingalpha.com/article/37930-limelight-networks-ipo-drives-cdn-enthusiasm-akamai-shares-gain-8?source=feed 37930 Limelight Networks (LLNW) had all the marks of a hot IPO: the pricing was raised from $12 to $14 the day prior to trading, and again to $15 when the shares hit the market. Once LLNW began trading, it shot as high as $24.33 before closing at $22.18, up 48 percent on the session.

Limelight's strong debut came a day after shares of optical networking firm Infinera Corp. (INFN) jumped 52 percent in its NASDAQ trading debut, which prevented LLNW from being the strongest first-day gain of a tech IPO this year. Limelight raised $240 million in its IPO, selling 16 million shares (12.5 million offered by the company, and 3.5 million by shareholders) for $15 each. Limelight, which operates a content delivery network [CDN] for bandwidth-intensive files and applications, will net $170 million of the proceeds. It will use the money to fund capital spending and pay off $23.8 million in debt.

It shouldn't come as any surprise that Limelight's IPO went well, even though the company has yet to turn a profit. The CDN market leader, Akamai Networks (AKAM), has been one of the hot stocks in recent years, gaining 166 percent in 2006. Limelight has Web 2.0 sexiness from a customer list that includes Google's (GOOG) YouTube, Facebook, Metacafe and Brightcove, but also tech stalwarts like Microsoft (MSFT) and Adobe (ADBE). With the growth trends for online video and virtual gaming worlds, it's clear that there's likely to be substantial business going forward in the content delivery market.

]]> Mon, 11 Jun 2007 05:27:44 -0400 Rich Miller Limelight Networks (LLNW) had all the marks of a hot IPO: the pricing was raised from $12 to $14 the day prior to trading, and again to $15 when the shares hit the market. Once LLNW began trading, it shot as high as $24.33 before closing at $22.18, up 48 percent on the session.

Limelight's strong debut came a day after shares of optical networking firm Infinera Corp. (INFN) jumped 52 percent in its NASDAQ trading debut, which prevented LLNW from being the strongest first-day gain of a tech IPO this year. Limelight raised $240 million in its IPO, selling 16 million shares (12.5 million offered by the company, and 3.5 million by shareholders) for $15 each. Limelight, which operates a content delivery network [CDN] for bandwidth-intensive files and applications, will net $170 million of the proceeds. It will use the money to fund capital spending and pay off $23.8 million in debt.

It shouldn't come as any surprise that Limelight's IPO went well, even though the company has yet to turn a profit. The CDN market leader, Akamai Networks (AKAM), has been one of the hot stocks in recent years, gaining 166 percent in 2006. Limelight has Web 2.0 sexiness from a customer list that includes Google's (GOOG) YouTube, Facebook, Metacafe and Brightcove, but also tech stalwarts like Microsoft (MSFT) and Adobe (ADBE). With the growth trends for online video and virtual gaming worlds, it's clear that there's likely to be substantial business going forward in the content delivery market.


Complete Story »]]> AKAM LLNW Rich Miller