Wednesday, August 15, 2007

Investors Flock to VMware on First Day of Trading - New York Times

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The company hopes that the enthusiastic first-day reception in the stock market will also have strategic and marketing benefits. A valuable stock will give VMware the currency to make acquisitions, Diane Greene, the chief executive, said in an interview.

And EMC's view of the numbers:

And EMC, the big computer storage and software company, will continue to own 86 percent of VMware. It bought VMware for $635 million in cash in December 2003.

At a share price of $51, VMware is valued at about $19.5 billion. “It’s been a great investment,” said David Goulden, chief financial officer of EMC.

Investors Flock to VMware on First Day of Trading - New York Times

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