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

|About: Rackspace Hosting, Inc. (RAX)|By:, SA News Editor

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%.