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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