Tag Archives: vmw

VMware Stock Tanks As Merger Dims Growth Prospects

VMware (VMW) stock plunged 20% early Wednesday and at least nine brokerages downgraded it on word the company’s growth prospects going forward may be limited. VMware executives offered the warning after the company formally released third-quarter earnings on Tuesday, and shares of the once high-flying stock started to drop after hours. Shares gapped down in the stock market today, falling to 55 by early afternoon. The news also took a 5% bite out

VMware Hoping Investors See Through Deal On Earnings

It’s been a rough week for VMware (VMW), so when the virtualization-software maker reports third-quarter earnings after the close Tuesday, investors hope for a profitable day at the office. On Oct. 12, VMware preannounced some of its Q3 financials and vowed to come in ahead of analysts’ projections on revenue and earnings when it reports full results on Tuesday. Usually, a stock will rise on such an announcement. Trouble was, VMware also got a new

Dell: Keeping VMware ‘Important’ To EMC Deal Success

The unusual step of creating a tracking stock for VMware (VMW) to help finance its merger with EMC (EMC) was necessary for Dell to retain control over what is considered a critical element of the deal, Dell officials said Thursday. Dell had been mum on the reasons for the transaction that has taken a large bite out VMware shares since the deal — criticized roundly by some analysts as depriving shareholders of the value that would be created with