Rackspace (RAX +3.1%) catches a bid on fresh speculation IBM is considering a bid for the...

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

Rackspace (RAX +3.1%) catches a bid on fresh speculation IBM is considering a bid for the company - a former IBM exec told GigaOm last month the IT giant has eyed both Rackspace and rival SoftLayer as M&A targets. Rackspace's Q1 report arrives on May 8; 12.3% of the float was shorted as of April 15. (also)