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Rackspace Technology Inc RXT

Rackspace Technology, Inc. is an end-to-end hybrid, multicloud, and artificial intelligence (AI) solutions company. The Company designs, builds, and operates its customers’ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The Company operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service and others.


NDAQ:RXT - Post by User

Post by indoubtgetouton Aug 19, 2020 3:04pm
316 Views
Post# 31430090

Where is Amazon?

Where is Amazon?Certainly not reflecting any AMZON interest today.   Fast money is GETTING OUT.  Generally not a good sign as how it trades today.   Also, if AMAzon was interested in investing in RXT, they have had plenty of time to make an announcement.  Looks to me this was a false rumor just to get some buing interest in RXT so that IPO losers, its main shareholder, could have the liquidity to dump extra stock.   I'd say that RXT is a sell short term.   RXT may have a long term investment appeal but it was taken private, repacked three years later and then Apollo IPO's it.   Apollo still owns about 65% of RXT....they of course are hoping that RXT eventually trades higher to sell more stock than the IPO price of $21 but who knows?   RXT still not profitable after many years - its a very hot and speculative market which gave Apollo the opportunity to start getting out of RXT.   Again, based on the way RXT is trading, it should be over $20 if an AMAZON deal was REALLY in the works.   All just unverified rumors at this poiint.....SHOW ME THE STEAK!
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