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

Aug 08 2008

Posted by richardyoo on Natuba

3 responses so far

  • xaq says:

    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…

  • Richard Yoo says:

    xaq – clearly, the market agrees with you. πŸ™‚

  • xaq says:

    lol, well you obviously did too – or you wouldn’t have left πŸ˜‰ – 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 πŸ˜‰

    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.