Careers & Certifications

03:50 AM
Commentary
Commentary
Commentary
50%
50%

EMC & VMware Hit Crossroads

Is it time for EMC to cut the umbilical cord?

Has the VMware bubble burst? Last night, that vendor reported its fourth-quarter results, posting a massive quarterly revenue hike, but dipping below Wall Street estimates.

The virtualization pioneer, which was the darling of Wall Street when it made its headline-grabbing $1.7 billion IPO last year, also warned that it expects its revenue growth to slow this year.

Cue a drop of more than 30 percent in VMware's share price today and increasing pressure on parent company EMC (which still owns most of VMware's stock) to sell the rest of the virtualization giant.

EMC CEO Joe Tucci was grilled on this topic during his firm's own earnings call this morning, but provided little hint of EMC's gameplan.

"I am not going to go into those specifics now, but both EMC and VMware are performing well," he said, adding that VMware has only been a public company for a short time. "Were very pleased with the asset mix; we have no plans to distribute at this time."

Previous
1 of 3
Next
Comment  | 
Print  | 
More Insights
Cartoon
Slideshows
Audio Interviews
Archived Audio Interviews
Jeremy Schulman, founder of Schprockits, a network automation startup operating in stealth mode, joins us to explore whether networking professionals all need to learn programming in order to remain employed.
White Papers
Register for Network Computing Newsletters
Current Issue
Video
Twitter Feed