VMware's Stock Drops: Question of Faith?
February 16th, 2008 |
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VMware stock was the Wall Street technology darling with a story book beginning last year. Originally priced at $29, VMware stock (VMW) quickly soared as high as $125 last fall. However recently, the company's stock plunged by more than 30% after VMware posted "disappointing" earnings. So what was so disappointing in the news? VMware unveiled their financial results for the fourth quarter and full fiscal year 2007. The company showed total revenues for Q4 as $412 million, an increase of 80% compared to a year earlier with an amount of $229.5 million. Net income for the fourth quarter more than... READ MORE
- Source: InfoWorld Virtualization Report | David Marshall
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