Apr 30
An IPO at this time indicates that this sector is growing like crazy despite the specter of a U.S. recession - While there has been a pull back in a number of high visibility stock market sectors (think: housing markets, mortgages, banking, consumer durables) there is actually an acceleration in web hosting going on. This is driven by the growing acceptance of the web as the place for any and all data and applications. We are witnessing the transference of data from the desktop to the ‘cloud’. Rackspace is riding the crest of this wave and pointing the way for the entire hosting industry.
Leave a Reply
You must be logged in to post a comment.