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BusinessWeek: VMware proves its value

Third-quarter net income totaled $64.7 million, or 18¢ per share. Wall Street's consensus estimate was that VMware would earn 17¢ per share on $334 million in revenues, but the unofficial "whisper" estimate had investors looking for $355 million to $360 million in sales. As such, the results managed to vault the especially high hurdle analysts had set in advance of the Oct. 24 report. Investors bid up VMware shares in after-hours trading following the update, though some of that gain may have been driven by short-sellers forced to cover their positions after betting the company wouldn't meet the market's outsize expectations.


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