VMware (VMW) Sinks On CEO Departure, Lower Growth

July 8, 2008 9:40 AM EDT

Shares of VMware (NYSE: VMW) are trading 24% lower after the company announced the departure of President and CEO Diane Greene. In addition, VMware said revenues for the full year of 2008 will be modestly below the previous guidance of 50% growth over 2007.

VMware, Inc. provides virtualization solutions.


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Comments

VMWare’s triumph
Saurabh K on Jul 8, 2008 11:10 PM

As a layman, my understanding of VMWare’s triumph is just opposite to today’s cloud computing. Their core concept was to simulate a given hardware into multiple computing units. But here, cloud computing is more about integrating all given hardware to one giant computing unit. What is Martiz planning to do? VMnoWhere!!! ;-p [Saurabh Kaushik] http://saurabhkaushik.wordpress.com/


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