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Rackspace Hosting (RAX) has clinched a customer support deal with Amazon Web Services, the leader in cloud computing services. The deal had been expected as Rackspace’s business model evolves toward support of third-party cloud platforms, including Microsoft’s (MSFT) Azure service. San Antonio-based Rackspace’s stock edged down in mid-day trading on the stock market today. AWS, e-commerce leader Amazon.com’s (AMZN) cloud computing unit, is by far Scalper1 News
Scalper1 News