Bad news for VMWare
Oracle Corp. made a move yesterday to take on VMware Inc. in the market for virtualization software, unveiling a product that it says is three times more efficient than competitors' offerings.
VMware shares fell more than 8 percent after executives at Oracle, the world's second-largest software maker, demonstrated the product before thousands of customers at a conference in San Francisco.
Customers can download "Oracle VM" for free starting tomorrow, the company said. Oracle will sell service contracts for the product ranging from $499 to $999 per year.