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Member Since: 1/2006Last Seen: 11/28/2009
Member Since: 1/2006Last Seen: 11/28/2009
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VMware's Explosive IPO Shows Power of Virtualization
News Type: Event — Seeded on Tue Aug 14, 2007 6:23 PM EDT
Article Source: cio-today.comadvertisement
The initial public offering of virtualization company VMware shocked and delighted Wall Street on Tuesday, with shares trading as high as $54 midday. At that price, VMware -- the dominant player in server virtualization -- has a $19 billion market capitalization. The company was acquired by storage giant EMC in 2003 for $635 million.
"Clearly, this is an endorsement of virtualization," said Brenon Daly, a financial analyst with The 451 Group in San Francisco. "We were absolutely blown away by how strong it came out."
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 | Tech stock's IPO is virtually huge / Virtualization company does best since Google | The San Francisco Chronicle | Wed Aug 15 | 0 |
 | VMware Sets Much-Anticipated IPO at $29 | Associated Press | Mon Aug 13 | 1 |
| Google Rolls Out StarOffice for Free | cio-today.com | Tue Aug 14 | 0 |
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