VMware Shares Plunge by More Than 30 Percent
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Investors reacted to a disappointing fourth-quarter earnings report that raised worries about the software makerâs ability to cope with tougher competition and a slowing U.S. economy.
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EMC Corp. of Hopkinton is selling a $218.5 million stake in its VMware Inc. software subsidiary to chip maker Intel Corp. The move comes as EMC prepares to raise up to $949 million by selling about 10 percent of VMware to the public.
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Virtualization leader VMware condemns what it calls Microsoft's moves to block competition in the virtualization market.
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77 per cent profit boost EMC saw its stock price leap more than eight per cent today, thanks in part to its 86 per cent stake in the hotter-than-hot virtualization outfit, VMWare.â¦
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Shares of Amazon.com Inc  plunged 15 percent on Wednesday, depressing the overall market and delivering a rude wake-up call to investors whose hopes for the online retailers' sustained profit performance had more than doubled share prices since January.
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MOSCOW  - Shares in the Russian oil group Yukos plunged by more than 30 percent in midday trading on the Moscow stock exchange to below a dollar per share.
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SAN FRANCISCO -- Shares of Intel Corp. fell more than seven per cent yesterday after the computer chip giant&#39;s management lowered the company&#39;s financial projections after concluding businesses and consumers aren&#39;t in a spending mood.
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Buys board seat to watch IPO Reinforcing its status as the software darling of the moment, VMware has secured a whopping $219m investment from Intel.â¦
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Stocks fell for a third straight session on Friday as concern over rising defaults in the subprime mortgage industry sent financial services shares for their worst drop in a month.
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VMware has patched critical flaws in its virtualization products.
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Shares in UK buy-to-let mortgage lender Paragon Group slump more than 25% as escalating worries over the credit squeeze spreads.
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Stocks plunged on Tuesday in their second-worst sell-off of the year as the impact of losses in the subprime mortgage group cascaded across the financial sector, knocking down shares of investment banks and traditional lenders.
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InfoWorld - In 2006, many enterprise IT groups saw the potential in virtualization, rushed to consolidate servers and subsequently propelled&#160;VMware&#160;software to a market-leading spot. As 2007 begins, VMware&#39;s prices are under attack, just as more CIOs look to virtualization to control server and storage sprawl and tame data center power costs.
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Acer Inc.'s shares fell sharply Tuesday, one day after the Taiwanese computer maker said it would acquire Gateway Inc. for $710 million.
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Not a tool VMworld Buoyed by investor capital, VMware has struck out on the acquisition war path, taking Swiss virtualization company Dunes.â¦
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Weak manufacturing data and massive losses at Merrill Lynch send US shares tumbling sharply lower.
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Shares of OSI Systems Inc. (OSIS.O: Quote, Profile, Research) tumbled more than 18 percent on Friday, the day after the security screening company reported higher fourth-quarter