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Press Release
RACKABLE
SYSTEMS PRICES INITIAL PUBLIC OFFERING
MILPITAS, CALIF. – June 10, 2005 – Rackable
Systems, Inc., (Nasdaq: RACK) today announced the initial public
offering of 6,250,000 shares of its common stock priced at $12.00
per share on the NASDAQ National Market under the trading symbol "RACK".
Certain stockholders of Rackable Systems have granted the underwriters
the right to purchase up to an additional 937,500 shares of common
stock to cover over allotments, if any. Rackable Systems will not
receive any proceeds from the sales of shares, if any, by its stockholders.
The managing underwriters of the offering are Thomas Weisel Partners
LLC, acting as the lead manager, and Piper Jaffray, RBC Capital Markets
and Pacific Crest Securities acting as co-managers.
A final prospectus relating to the offering may be obtained from Thomas
Weisel Partners LLC's prospectus department at One Montgomery Street,
San Francisco, CA 94104, (415) 364-2720.
About Rackable Systems
Rackable Systems, Inc. is a provider of servers and storage products
for scale out data center deployments. The company's servers are
designed to provide benefits in the areas of density, thermal efficiency,
serviceability, power distribution and remote management. Founded
in 1999 and based in Milpitas, California, Rackable Systems serves
Internet, semiconductor design, enterprise software, federal government,
entertainment, financial services, oil and gas exploration and biotechnology
customers worldwide.
Contact Information:
Todd Ford
Rackable Systems, Inc.
Chief Financial Officer
408-240-8088
|
Erica Mannion
Sapphire Investor Relations, LLC
Investor Relations
415-399-9345
investorrelations@rackable.com |
Rackable Systems is a registered trademark of Rackable
Systems®, Inc. All other trademarks are property of their respective
holders.
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