Strange days indeed
Investors are flocking to VMware, too. The Palo Alto, Calif., company's IPO raised $1.1 billion, the most a high-tech company has pulled in since Internet search leader Google went public three years ago.
VMware's stockholders have enjoyed the ride; shares have nearly tripled from their initial price of $29. The stock hit a new high of $82.75 Tuesday before finishing the trading session at $76.65, down 11 cents.
With a market value approaching $30 billion, VMware already is worth more than all but three publicly traded software makers — Microsoft, Oracle and SAP.