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Wall Street does cloud computing

October 6, 2018
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Shares of the San Antonio, Texas-based hosting company fell 20 percent Friday on its first day of trading on the New York Stock Exchange. (CNET News.com — 9 August, 2008)
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Rackspace Hosting, a San Antonio company that provides Web hosting to corporate clients, went public Friday, but its shares sank 20 percent in their first day of trading. (New York Times — 9 August, 2008)
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Elastra, provider of a scalable database that’s stored on Amazon’s Web Services, says it raised $12 million in a series B round of financing from Amazon, Bay Partners and its previous investor Hummer Winblad. (CNET News.com — 5 August, 2008)
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As cloud computing gathers like thunderheads on the horizon, stateless computing will be a core tenant, predicts Merrill Lynch’s chief technology architect Jeffrey Birnbaum. (CNET News.com — 6 August, 2008)
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Search giant warns in a regulatory filing that its “investment in AOL may be impaired,” which may lead to a $500 million loss on the investment. (CNET News.com — 8 August, 2008)
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Bain Capital Ventures leads the round for the start-up, which has already raised money from Sequoia Capital. (CNET News.com — 8 August, 2008)
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Searches for sports and Olympics-related queries will bring up schedules and results for the 2008 Summer Games in Beijing. (CNET News.com — 9 August, 2008)
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