Companies and the products / services they produce have a lifecycle. Some are very long, tech companies tend to be shorter. Rackspace, I suspect, is past the ha

Companies and the products / services they produce have a lifecycle. Some are very long, tech companies tend to be shorter. Rackspace, I suspect, is past the harvesting stage and now in the maintenance / slow burn stage. How long this goes on for is anyone's guess. They may turn into the Oracle of VPS providers and somehow keep going on for decades even though what they sell isn't really of great value anymore. I think it's untrue to say the whole company is dead especially with the head office reduction as an example. Moving support to offshore is common in tech now so I guess they are just doing the same as everyone else. Also note that companies that have a large data breach are often the most secure companies you can buy from after they have taken corrective measures. They know the pain of not being secure and are willing to spend money securing. That brand new tech start-up probably doesn't really care about security at the moment as they think they have higher priorities.