Skip to main content

VMware is EMC's hero!




EMC Corp. reported a 20 percent increase in second quarter net income Tuesday on a 21 percent increase in revenue, driven in part by the success of its VMware subsidiary, a portion of which soon will be spun off in an IPO.

EMC reported net income of US$334.4 million, or $0.16 per share on revenue of $3.12 billion, for the three months ended June 30, compared to net income of $279 million, or $0.12 a share, on revenue of $2.57 billion in the same quarter of 2006.

Contributors to EMC's results included its VMware Inc. subsidiary, a provider of virtualization software, which reported a revenue increase of 89 percent to $298 million. EMC is planning to sell off 10 percent of VMware in an IPO (initial public offering) of stock this quarter. EMC said July 9 that VMware stock would be priced between $23 and $25 a share when it goes on the market.


Well there's a lot more milking to come. Article here.
Labels:

Comments

Post a Comment

Popular posts from this blog

DeepLearningTrucker Part 1

Post a Comment
Read more

Avastu Blog is migrating to IdeationCloud.com; 1st Jan 2009 live

YOU DON'T HAVE TO DO ANYTHING. WITHIN 2 SECONDS YOU WILL BE REDIRECTED TO THE NEW HOME OF AVASTU BLOG. PLEASE DO UPDATE AVASTU BLOG'S URL to : http://www.ideationcloud.com on your website.

I will send out emails personally to those who are using my link(s) on their sites.

Thanks much for your co-operation and hope you enjoy the new site and its cool new features :-)




Not like the site is unlive or something..on the contrary, its beginning to get a lot of attention already. Well most of the work is done, you don't have to worry about anything though:

What won't change

Links/Referrals: I will be redirecting the links (all links which you may have cross-posted) to IdeationCloud.com - so you don't have to do anything in all your posts and links. Although, I would urge however that you do change the permalinks, especially on your blogs etc yourselfThis blog is not going away anywhere but within a few months, I will consider discontinuing its usage. I won't obviously do …
Post a Comment
Read more

Cloud Security: Eliminate humans from the "Information Supply Chain on the Web"

My upcoming article, part - 3 data center predictions for 2009, has a slideshot talking about the transition from the current age to the cloud computing age to eventually the ideation age- the age where you will have clouds that will emote but they will have no internal employees.

Biggest management disasters occur because internal folks are making a mess of the playground.

Om's blog is carrying an article about Cloud security and it is rather direct but also makes a lot of sense:

I don’t believe that clouds themselves will cause the security breaches and data theft they anticipate; in many ways, clouds will result in better security. Here’s why: Fewer humans –Most computer breaches are the result of human error; only 20-40 percent stem from technical malfunctions. Cloud operators that want to be profitable take humans out of the loop whenever possible.Better tools – Clouds can afford high-end data protection and security monitoring tools, as well as the experts to run them. I trust…
Post a Comment
Read more