Tuesday, January 29, 2008

VMWare's Profit, Sales Surge But Shares Fall in Late Trading - WSJ.com

Life in the fast lane...

VMWare Inc. reported that its fourth-quarter net income more than doubled on an 80% increase in revenue, but shares of the high-flying maker of virtualization software plunged more than 25% in after-hours trading because Wall Street was expecting more.

[...]

Expectations are so high for VMWare that even a relatively small miss, such as $5 million, can start a big stock selloff. The revenue miss also signals how more intense competition from Microsoft Corp., Oracle Corp. and other companies is starting to take its toll on VMWare.

VMWare's Profit, Sales Surge But Shares Fall in Late Trading - WSJ.com

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