Wednesday, August 22, 2007

San Jose Mercury News - Biz Break: VMware shares soar as tech stocks gain

FWIW, VMWare mkt cap is now ~$25B, while (90% stake) parent company EMC mkt cap is now ~$40B. 

Shares in VMware, the once-obscure maker of "virtual machine" software that made a splashy debut on Wall Street last week, surged another 15.1 percent Tuesday, leading a general rise on the Nasdaq.

VMware, based in Palo Alto, is an EMC subsidiary that was spun out in its own initial public offering - the biggest Silicon Valley IPO since Google in 2004. Offered at $29 share, it soared 76 percent on its first day to close at $51. On Tuesday it closed at $65.99.

San Jose Mercury News - Biz Break: VMware shares soar as tech stocks gain

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