Stock-market site theflyonthewall.com says the spike in VMware (VMW) shares today reflects speculation that Cisco (CSCO) might want to increase its stake in the company. Cisco currently owns 6.9% of VMW’s Class A shares, or about 1.5% of the company’s stock overall. Cisco acquired its stake prior to VMW’s IPO. Intel (INTC) also bought a pre-IPO stake in the company that it continues to hold.
VMW today is up $1.14, or 3.1%, to $38.12.