VMware (VMW) Ticks Higher as CEO Maritz Said to Take Vice Chair Role at EMC (EMC) - WSJ

July 17, 2012 12:05 PM EDT
VMware, Inc. (NYSE: VMW) shares are ticking slightly higher Tuesday following rumors late Monday its CEO Pail Maritz would be leaving the company.

Today, the WSJ is popping out headlines that Maritz is taking a job as Vice Chairman at EMC (NYSE: EMC). Meanwhile, EMC President COO Pat Gelsinger is said to be taking the CEO role at VMWare.

Shares of VMWare are down 3.6 percent on the session.

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