Wednesday, May 21, 2008

EMC CEO reaffirms vow not to sell stake in VMware - The Boston Globe

I'm still not understanding the math in this context -- .86 * (VMW mkt cap) =  ~$22.5B, while the mkt cap of EMC = $35.7B

EMC Corp. will keep its 86 percent stake in software maker VMware Inc., chief executive Joseph Tucci said, quashing speculation that the company will unload more of its shares. "Honestly, from the board, there is no interest in spinning off VMware," Tucci said, reiterating a pledge made last month. Hopkinton-based EMC posted its biggest weekly gain in three years last week in New York trading on predictions the company would spin off the remainder of the business. (Bloomberg)

EMC CEO reaffirms vow not to sell stake in VMware - The Boston Globe

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