Skip to main content

VMware's share plunge 15% on a downgrade by RBC Capital

Market conditions are harsh and we are all low on cash, or atleast want to hold on to our wallets. VMware has been immune to in back in 2007, but this is too hard to withstand for any firm.

RBC Capital this morning got religion on the slowdown in IT spending, cutting ratings on four stocks and slashing estimates and price targets on a host of others. The multiple moves boil down to this statement, which is repeated in most of the individual reports this morning: “We are taking a more conservative stance across our coverage universe to reflect a degrading environment for global IT spending.”

The downgrades:

* VMware (VMW): To Sector Perform from Outperform. Target to $29 from $50.
* Xyratex (XRTX): To Sector Perform from Outperform. Target to $13 from $23.
* Voltaire (VOLT): To Sector Perform from Outperform. Target to $5 from $8.
* QLogic (QLGC): To Sector Perform from Outperform. Target to $17 from $18


Barrons
Labels:

Comments

Post a Comment

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
Post a Comment
Read more

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...
Post a Comment
Read more