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Price wars. Rackspace (RAX) slashes cloud pricing by 33% and announces tiered pricing for its...

Price wars. Rackspace (RAX) slashes cloud pricing by 33% and announces tiered pricing for its open cloud product portfolio. Shares +0.3% premarket, off 25% YTD. (PR) Update at 8:50: The news is now taking hold, shares -6%.
Comments (2)
  • Ariel Aharonovich
    , contributor
    Comments (433) | Send Message
     
    Another evidence of this WAY-overvalued stock
    Even after 25% YTD RAX is a screaming SHORT
    I wouldn't be surprised if this news flash would have ended "Shares off 25% premarket"...
    SHORT - and happily so - RAX
    22 Feb 2013, 08:18 AM Reply Like
  • lanettedonovan1
    , contributor
    Comments (31) | Send Message
     
    This pricing at least in storage puts RAX at $.005 above AwS still for up to 1 TB. according to website http://amzn.to/XFMH5Z So RAX is keeping pace with competition. Reminder that this is a commodity business for large users.
    22 Feb 2013, 09:15 AM Reply Like
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