Saturday, November 01, 2008

Cisco Announces Increased Investment in VMware; buys 500,000 shares


Cisco will purchase 500,000 shares of VMware Class A common stock currently held by Intel Corporation for approximately $13.3M. Upon closing of the investment, Cisco will own approximately 1.7% percent of VMware's total outstanding common stock.



Cisco's purchase is intended to build on the strong inter-company collaboration between Cisco and VMware in the adoption of the companies' virtualization products and solutions that address the intersection of virtualization and networking technologies.


Source

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