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Rackspace: Wall Street Does Cloud Computing
Opens Trading on NYSE

Wall Street gave a nod to cloud computing as San Antonio, Texas-based Rackspace Hosting on Friday opened for trading on the New York Stock Exchange following its initial public offering Thursday.

However, its shares fell 20 percent in their first day of trading, which came as a disappointment for the first venture-backed company to go public in nearly five months. Rackspace has received backing from Sequoia Capital and Norwest Venture Partners.

The hosting company, which boasts 30,000 customers, is trading under the ticker symbol "RAX." It raised $187.5 million in an offering underwritten by Goldman Sachs, Credit Suisse, and Merrill Lynch. Shares were priced at $12.50 late Thursday, but fell to $10.01 by the closing bell Friday.

Rackspace's cloud computing division, Mosso, recently added a new Web-based control panel and a behind-the-scenes provisioning system to its Hosting Cloud service. The control panel makes it easier for users to set up and manage hosted applications, and includes a new Web-based file manager that gives users access to stored data so that they can create and decompress archives and change access permissions more easily.

About Cloud News Desk
Cloud Computing News Desk brings the latest industry news related to the Cloud paradigm of massively scalable IT resources and capabilities delivered as a service using Internet technologies. For up to date news on the International Cloud Computing Conference & Expo series, the easiest way is to follow it on Twitter.

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Cloud Computing Expo 2008 Speakers Include...


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VMware

THORSTEN VON EICKEN
RightScale



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SOAWorld Conference & Expo 2008 East
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SOAWorld & Conference Alumni Delegates Represents...

• AccuRev
• Adea Solutions
• Adobe Systems, Inc [3 delegates]
• ADP
• Aeropostale, Inc
• Aetna
• Akbank Training Center
• American Family Insurance
• American International College
• American Modern Insurance
• Amphion Innovations
• Amplify LLC, Clipmarks [2 delegates]
• Anderson Consulting
• Arrow Electronics [3 delegates]
• Ashcroft Inc
• Athabasca University
• ATS
• Audatex
• Avanade, Inc.
• Avaya Inc. [5 delegates]
• Azul [2 delegates]
• Backbase [2 delegates]
• Bank of America
• Bank of NY
• Barnes and Noble
• Barnex Investment International Limited
• BEA
• Bear Stearns [2 delegates]
• Bendel Newspaper Company Limited
• BizInnovative
• Bloomberg [2 delegates]
• BlueBrick Inc.
• BMC Software
• Boeing
• Bottomline Technologies [2 delegates]
• BP
• Broadcom

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Cloud Computing Blogs
In other words, VMware’s server density is higher. Boles suggests this means that customers should be “assessing virtualisation on a ‘cost per application’ basis. VM density has a sign
Traditionally, the way people have implemented high availability is by using a high-availability management package like Linux-HA[1], then configure it in detail for each application, file system moun