Thursday, February 08, 2007

EMC Plans Public Offering for 10% of Software Division - New York Times

Interesting times -- at least until the platform vendors more effectively incorporate virtualization. 

EMC, which specializes in data storage, bought VMware for $635 million three years ago. Today, industry analysts said the public offering could well value the company at more than 10 times that.

“I’m 59 years old, and VMware is the best investment I ever made in my life,” Joseph M. Tucci, the chief executive of EMC, said in a brief interview.

[...]

VMware, with sales of $709 million last year, holds more than 70 percent of the market for virtual machine software, according to IDC, a research firm. In the fourth quarter of 2006, VMware’s revenue grew 101 percent, to $232 million.

Source: EMC Plans Public Offering for 10% of Software Division - New York Times

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