Rackspace Jumping On Speculation (RAX)

Rackspace Hosting, Inc. RAX is jumping on speculation that the company could be acquired by Dell DELL. Michae Dell, CEO of the Texas-based computer company, announced this morning that the company would be acquiring a cloud computing company today, but did not specify who it was. Rackspace provides information technology (IT) as a service, managing Web-based IT systems for small and medium-sized businesses, as well as large enterprises.