Apps & Software
VMware Rides Its Own Waves (VMW, EMC, MSFT)
Published:
Last Updated:
Shares of VMware (NYSE:VMW) are up over 3% today above the $72.00 mark. Today marks the intro for the widely anticipated VMWORLD 2007 CONFERENCE.
The company issued four press releases this morning alone and we’d expect others to be making partnership and general press releases around this conference. The main expo will run from tomorrow through Thursday, so press releases around the terms "VMWORLD" and "Virtualization" should be many. Many of its competitors and partners have released data ahead of this conference as well, with many stories coming out last week. Microsoft (NASDAQ:MSFT) made its noise in the virtualization game last week, although it received very little coverage on a relative basis.
We noted Friday how the Goldman Sachs note on EMC (NYSE:EMC) had punished shares of both companies, and it had little chance of seeing any great reception as the market was so negative Friday after the jobs numbers.
As a reminder, VMware’s stock post-IPO high is $73.95.We have noted this ongoing VMware conundrum that exists around the VMware-EMC ties, although that may take a backseat position with this conference being this week.
Jon C. Ogg
September 10, 2007
Jon Ogg produces the 24/7 Wall St. subscriber-based SPECIAL SITUATION INVESTING NEWSLETTER; he does not own securities in the companies he covers.
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
