VMware Inc. went public at $29 a share in August and soared to $125 last fall, but failure to match Wall Street's forecast for fourth-quarter revenue shaved one-third off the company's market value yesterday.
(Paul Sakuma/Associated Press)
VMware stock loses 33% on revenue miss
Investors punish firm for falling short of analysts' estimates
VMware Inc. went public at $29 a share in August and soared to $125 last fall, but failure to match Wall Street's forecast for fourth-quarter revenue shaved one-third off the company's market value yesterday.
(Paul Sakuma/Associated Press)
VMware Inc., the virtualization software company controlled by Hopkinton's EMC Corp. , was the computer industry's Cinderella story last year. Its stock soared after a 2007 public offering; so did sales of its software, which lets one computer do the work of many. (Full article: 749 words)
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