A powerhouse with all the smartest folks on board. Sure everyone wants a stake in VMware.
As Wall Street underwriters prepared to launch the much-anticipated IPO for EMC's VMware subsidiary, Intel Capital and VMware announced Monday that the processor manufacturer will invest $218.5 million for a 2.5% stock ownership in the software virtualization company.
VMware announcements came fast and furious Monday as a Securities and Exchange Commission filing revealed that VMware expects to raise $741.4 million on a $24-a-share offering price. Also Monday, VMware announced the availability of its Lab Manager 2.5, the company's virtual lab automation system.