Wednesday, September 12, 2007

Business & Technology | VMware's tech conference is one big company party | Seattle Times Newspaper

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.

Business & Technology | VMware's tech conference is one big company party | Seattle Times Newspaper

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