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CNN: VMware no.1 IPO for 2007!

VMware VMW is one such stock. The software maker came public last week at $29 a share and closed 76% higher its first day, for this year's best debut. It's now up more than 140% from the IPO price.

While it may be tempting to try to buy a surging stock early, it's prudent to wait until it sets up in an initial base.

The Palo Alto, Calif.-based company's software helps servers run more efficiently. VMware has been profitable since 2003, when it earned a penny a share. That rose to 4 cents, 18 cents and 23 cents the past three years for a three-year earnings growth rate of 111%.

Sales growth accelerated the past four quarters, from 62% to 71% to 88% to 99% to 100%
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