The market things that tech spending is going to get hurt this year. Wall St. can see it in the stock prices of Dell (DELL), AMD (AMD), Intel (INTC), and other "big cap" techs.
Now, it is hitting the highest of the high flyers in the sector VMWare (VMW), the virtualization IPO that cause the investing world by storm. Shares are off well over 6% today and have traded down as far as $71.66. The stock was over $125 the last day of October. Almost $15 billion in market cap has disappeared since then.
VMWare makes many machines in server farms run more efficiently. But, if big business is not buying servers, it hardly matters.
Douglas A. McIntyre
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