Thursday, November 6, 2008

Rackspace - looking for “opportunistic investments”

from Data Center Knowledge: (a similar opportunity was mentioned as a possibility by Equinix in their conference call)

>>Rackspace Hosting (RAX) is reducing its planned capital spending on data centers because it believes it will be able to buy or lease a facility for less than it would cost to build one of its own. CEO Lanham Napier said the company, which has $260 million in cash, is focused on “opportunistic investments.”

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