3. Rackspace (RAX): +72.68
- Written by
- February 22, 2013
Rackspace and its fanatical support model have caught on with customers and yes -- channel partners. The company spent recent years converging multiple partner programs into a single, focused initiative and the uptake has been strong. CEO Lanham Napier gives out his personal email address during conference keynotes, assuring partners and customers that the company will remain responsive. For its third-quarter ended Sept. 30, 2012, revenues jumped 27 percent to $336 million. Talkin' Cloud's 2013 Prediction: Rackspace shares tend to have at least one major correction every 12 months or so... and the dip usually triggers takeover rumors that jack the stock price right back up. Disclosure: I've been long on Rackspace for about 2 years. I buy on big dips...
Rackspace and its fanatical support model have caught on with customers and yes — channel partners. The company spent recent years converging multiple partner programs into a single, focused initiative and the uptake has been strong. CEO Lanham Napier gives out his personal email address during conference keynotes, assuring partners and customers that the company will remain responsive. For its third-quarter ended Sept. 30, 2012, revenues jumped 27 percent to $336 million. Talkin’ Cloud’s 2013 Prediction: Rackspace shares tend to have at least one major correction every 12 months or so… and the dip usually triggers takeover rumors that jack the stock price right back up. Disclosure: I’ve been long on Rackspace for about 2 years. I buy on big dips…
