Rackspace IPO: Failure or early opportunity?

It's a tough market right now. I think they look pretty good, overall. To me they pass the "would you buy from them?" test that you hear about occasionally. I think this means that we don't have to hear "A second quarter with no IPOs!" in September, so that's great.

A comment at the bottom of the article was saying that the cloud/utility computing thing could be working against them because they'll be competing with the likes of "Google, Amazon, Microsoft, IBM, Oracle, and to a lesser extent salesforce". I'd say that as a company with a core business of operating a large herd of machines critical to other peoples businesses, they are probably as well off as any of those other companies. I would certainly give a hosting/ISP type company a shot at running my cloud/utility computing setup if I were to ever need one.

failure