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One of the companies I founded goes public today - RAX Rackspace

Posted by richardyoo on Natuba

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    • This entry was posted on Friday, August 8th, 2008 at 9:30 am and is filed under Ramblings. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

    3 Responses to “One of the companies I founded goes public today - RAX Rackspace”

    1. xaq Says:
      August 8th, 2008 at 2:41 pm

      yeah but unfortunately it was kind of a flop - the PE numbers are terrible… I thin kit will end up doing well but even at 10$ it’s over valued - it wil close below 10$ today which i think is closer to a proper valuation…

    2. Richard Yoo Says:
      August 8th, 2008 at 3:01 pm

      xaq - clearly, the market agrees with you. :)

    3. xaq Says:
      August 8th, 2008 at 3:32 pm

      lol, well you obviously did too - or you wouldn’t have left ;) - if it weren’t for you and pouya that place woulda burned to the ground long ago - it was a sad day when you guys left for sure… Pouya leaving was the last straw for me - we’re all on to bigger and better things though ;)

      Funny though, I sold my shares at almost a dollar higher than close today, and that was 4 months ago… I do think it will go up, but it’s going to be a slow and gradual checked growth, but before it does that I expect it to dip into the 8.50-9.25 range before earnings come out again.

      -X

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