Skip to main content

Amidst news of departing developers to Oracle, VMware shares fall by 16%; falls below IPO level!

Greene was replaced by Paul Maritz, a former Microsoft executive. Maritz addressed attendees at VMware's annual VMworld conference in Las Vegas on Tuesday, and laid out a strategy for the company that focuses on virtual desktop computers, virtual cloud computing and virtual data center operations.
Katherine Egbert, an analyst with Jeffries & Co., said in a research note that while VMware's plans provide a good framework for new product development and growth, they "will take several years to achieve."
Egbert, who cut her target price on VMware's stock to $30 a share from $40, said the company appears to be challenged by reports that many of its developers are leaving the company, and the competition coming from Microsoft's HyperV virtualization technology.
At Citigroup, analyst Brent Thill echoed some of Egbert's thoughts about Microsoft, saying that the company's presence in the market "may be having an economic impact" on VMware, even though VMware has better products.
Thill also said that VMware will likely continued to be roiled by its heavy exposure to the financial sector, declines in overall sales, and the possibility of more executive changes. Thill holds a $33 price target on VMware's stock.


Source

Comments

Popular posts from this blog

Security: VMware Workstation 6 vulnerability

vulnerable software: VMware Workstation 6.0 for Windows, possible some other VMware products as well type of vulnerability: DoS, potential privilege escalation I found a vulnerability in VMware Workstation 6.0 which allows an unprivileged user in the host OS to crash the system and potentially run arbitrary code with kernel privileges. The issue is in the vmstor-60 driver, which is supposed to mount VMware images within the host OS. When sending the IOCTL code FsSetVoleInformation with subcode FsSetFileInformation with a large buffer and underreporting its size to at max 1024 bytes, it will underrun and potentially execute arbitrary code. Security focus

Virtualization: GlassHouse hopes to cash in with its IPO!

GlassHouse Technologies Inc. on Tuesday registered to raise as much as $100 million in an initial public offering that, despite the company's financial losses, could prove a hit with investors drawn to its focus on "virtualization" technology. The Framingham, Mass., company offers consulting services for companies that use virtualization software to improve the performance of corporate servers and cut costs in their data centers. GlassHouse also provides Internet-based data storage. "Software-as-a-service," or SaaS, companies and vendors of virtualization products have proved popular among investors in recent years as corporate customers seek alternatives to conventional packaged software. GlassHouse, with roots in both sectors, will test the strength of that interest, said Peter Falvey, managing director with Boston investment bank Revolution Partners. "It will be a bit of a bell weather," he says. "It's not as though it's the 15th SaaS m...