Interesting times for EMC
Wall Street has certainly warmed to Mr Maritz’s theme since he took over in 2008. In the past year, VMware’s shares have more than doubled: among software companies, its $34bn market value is now topped only by Microsoft, Oracle and SAP. It now accounts for two-thirds of the stock market value of EMC, the storage company that owns most of its stock, compared with less than 40 per cent a year ago
Looking at the EMC and VMW stock prices over the last year, it appears the non-VMware part of EMC is worth a lot less than it was a year ago.
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