On October 2, 2014, AT&T partnered with Amazon Web Services to offer on-demand network-enabled cloud solutions to its customers via AWS and AT&T NetBond.
Rackspace’s future has been in question since CEO Lanham Napier stepped down in February of 2014. While Rackspace is a profitable company, it must be feeling the squeeze from larger players like Amazon Web Services, Microsoft, and Google. Amazon and Google in particular have slashed prices for their Platform as a Service (PaaS) products, leaving Rackspace struggling to compete. About a month ago, Rackspace’s shares plunged 25% in one day due to a disappointing earnings report with a tepid next-quarter outlook; its stock has lost more than half its value since January.