1 posts and columns on Rackable

Rackable Q4 Revenues Light; Sets Huge Buyback Plan

in News on February 13, 2009 at 5:32 am PT

Rackable Systems shares are trading higher after-hours on news that the company plans to buy back $40 million of its common stock. That would be about 35 percent of the company’s $116 market cap. No doubt, Rackable’s business is hurting.