EMC is why VMware is today. No, i am not saying this to kiss-ass any EMC top shot. Well Investors, we are talking about the biggest storage vendor in the market.
Please don't lose focus! (Same thing I told my chauffer when I pushed him to run 1200 KM and when he lost focus for a while, not fair on my part today!)
Forbes reporting.
Please don't lose focus! (Same thing I told my chauffer when I pushed him to run 1200 KM and when he lost focus for a while, not fair on my part today!)
"EMC (nyse: EMC - news - people )'s stock has not moved up proportionally with VMware's," said Caris analyst Shebly Seyrafi. Shares of EMC rose 0.8%, or 16 cents, to $19.66, on Friday, after Seyrafi upgraded EMC shares to "buy" from "above average." Forbes ranked Seyrafi the third best stock picker in the computer sector in 2007.
EMC retained 87% of VMware's common stock after spinning off the company. Since VMware's initial public offering in mid-August, its shares have gained 32.9%. EMC's shares have only gained 7.5% over the same period of time. Seyrafi said this anomaly is unsustainable and EMC shares will pick up as a result.
EMC makes and sells data-storage devices and software. VMware provides software that allows data centers to use their servers more efficiently. The company has whipped up investor enthusiasm as a market leader in a quickly growing tech sector.
Forbes reporting.
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