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My Head in the Clouds with Rackspace $RAX
My pal Sparky Collier has been running business development and now ‘Openstack’ at $RAX for a few years. I remember him telling me he was leaving $YHOO for $RAX and the stock was at $16. I remember buying the stock for $19 after they released the ‘OpenStack’ news last year and the stock did not budge for a while. Sparky thought it was a big deal for the long-term strategy, but Wall Street did not care. Flash forward 6 months and the stock is up 80 percent. Yahoo….still $16.
I think Sparky knows a thing or two about the cloud….
We sat down to get the whoel ‘Openstack’ story and talk Austin and Yahoo as well.
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