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.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
