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Rackwise Inc (OTC:RACK), Down By 8.81% ($0.01) From $0.159 After BUYINS.NET Report Predicted Stock Would Go Down Due To Bearish

^{Published on 2012-11-29 11:40:27 - WOPRAI}
 

November 29, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Monday, November 19th 2012 stating that Rackwise Inc (OTC:RACK) was expected to go Down due to the Bearish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=rack&id=329014

At the time this story was written, Rackwise Inc (OTC:RACK) is Down By $0.01 (8.81%) since the BUYINS.NET report was released.

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Rackwise Inc (OTC:RACK) - Rackable Systems, Inc. (Rackable), incorporated on December 10, 2002, is a provider of high-density compute servers and high-capacity storage systems, based on an open-architecture approach, targeting scale-out data center deployments. The Company operates in two segments: the design, development and marketing of customized high-density compute servers, and high-capacity storage systems. Rackable's products are designed to provide benefits in the areas of density, thermal management, remote management, ease of serviceability and flexible power distribution. The Company also offers flexibility and control in component selection to match the specific environmental and application requirements of its customers. Rackable bases its products on open standard components, such as processors from Intel and Advanced Micro Devices (AMD), and operating systems, such as Linux and Windows.

The Company's high-density compute and storage servers offer a range of component choices and are typically built to order, providing a degree of flexibility to its customers. Rackable's flagship Foundation Series compute servers are high-density, rack-mounted server systems designed specifically for scale-out data center environments. In August 2004, Rackable introduced its Scale Out Series of compute servers, which are designed to further increase density levels, improve thermal management, and improve cable management and system serviceability.

Rackable also offers low-cost, high-capacity storage systems, which leverage many of its core server technologies, to help enterprises to meet their increasing data storage requirements. During the year ended December 31, 2004, the Company began providing storage products that combine its hardware with software layers provided by third parties under original equipment manufacturer (OEM) software license arrangements. Rackable launched two of these products during 2004, specifically a network attached storage (NAS) appliance and an Internet protocol storage area network (IP SAN) appliance that leverages the Internet protocol small computer system interface (iSCSI) protocol. To complement its storage server line, the Company enters into reseller and OEM relationships to provide additional storage offerings that its customers may request from time to time, such as external Fibre Channel and small computer system interface (SCSI), redundant array of independent disks (RAID) solutions. Rackable has sold its products to over 100 customers, including companies with large Internet businesses, such as Microsoft and Yahoo!, and companies in vertical markets, such as semiconductor design, enterprise software, federal government, entertainment, financial services, oil and gas, and biotechnology and pharmaceuticals. During 2004, Microsoft and Yahoo! accounted for approximately 36% and 23%, respectively, of the Company's revenues.

The Company offers a range of service and support packages, primarily associated with hardware break-fix support and onsite hardware service. It also offers a range of professional services, such as onsite cabling assistance and installation of third-party software such as grid, clustering and utility computing applications.

Foundation Series Compute Server

The Foundation Series servers utilize the Company's half-depth, back-to-back chassis design to increase the physical server density, reducing floor space requirements. When deployed in Rackable's cabinets, it is generally able to offer approximately twice the server or processor density of traditional rack-mount solutions. The Company also provides a range of power and heat-management techniques that enable its servers to operate effectively at these high-density levels. The Foundation Series servers also provide configurable components, front-facing cable connections for enhanced serviceability, and Rackable's lights-out remote management solution.

Rackable offers Foundation Series compute servers for single or dual-processor motherboards supporting Intel and AMD 32- and 32/64-bit processors, such as the Intel Pentium 4,. There is a failure to deliver in shares of RACK

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