It’s happening.  EMC (EMC) traded up 2.5% after the open and are now only up 1.3% since the indications of VMware have started. $19.84 was the recent and multi-year high, so that may be a critical level to watch if EMC gets up close to that number.

VMware (NYSE: VMW) shares were indicating at $38 to $41 right after the open.  We’ll know where this opens shortly.  After almost 10 minutes, it looks like indications are now closer to the $40 to $41 mark. Stay tuned.