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