Scalper1 News
VMware’s disappointing Q4 guidance late Tuesday sparked downgrades and price target reductions. VMware’s (VMW) mixed bag of results comes as its parent company, EMC (EMC), a storage software leader, said early Wednesday that it is planning to buy a bigger stake in VCE, its partnership with Cisco Systems (CSCO), which sells storage, virtualization and networking products. Cisco’s stake will now be 10% instead of 35%. EMC owns 80% of VMware, which Scalper1 News
Scalper1 News