Top 1%
We were so busy looking at the Microsoft competition and getting excited about VMware that nobody realized the CEO was messing with the books... a very painful decline, no doubt.. guess I can forget about eating out next week and I'll be dropping the extra cheese on my pizza as well.. If I wasn't already in VMW I would say this a great opportunity to buy.. that is unless the CFO has a spare check book at home that he uses for leisure.. hehe..
But seriously, my assumption is that this too will pass and i for one, am not selling for now.
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Top 54%
rasimu
Jul 08 at 11:27 ET
Can you please post a reference regarding the CEO and the books ;)
Thanks
Top 1%
guliamo
Jul 08 at 12:51 ET
No reference for messing with the books accept: "No reason was given for Greene's departure." - anther way of saying it I suppose :)
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=ACBJ&date=20080708&id=8869525
Top 1%
blacktuna
Jul 08 at 12:56 ET
Music to my ears.. VMW has been punished too severely.. just picked up some shares. This is a fantastic opportunity!
Top 4%
770allboz
Jul 08 at 2:24 ET
They just hit a new 52 week low, dont you think it is a little more than risky to invest in this??
Top 1%
guliamo
Jul 08 at 4:08 ET
I don't. Virtualization is in it's infant stage. Even if Microsoft launches a great competitor, this software can save companies millions in hardware optimization. The market for virtual software will probably increase 10 fold in the next 2 years or so.. I say ride this baby until then..
Top 1%
CountdeMonet
Jul 08 at 5:15 ET
I have VMW as a sell all the way down to $17.
Top 4%
ITGURU
Jul 08 at 8:48 ET
Guliamo has this dead on. We are virtualizing phsical servers and getting an 8 to 1 or 10 to 1 ratio. Reducing not only phsical servers, but more importantly solving disaster recovery, business continuity and both heat and power issues in server rooms across our footprint. Keep in mind, that as you virtualize the server, so goes the disk storage and EMC is an important component to this strategy as is Cisco and Brocade for the switching. No way this is going to 17 and this is the dip i have been witing for to get in on VM
Top 1%
CountdeMonet
Oct 10 at 6:42 ET
VMW almost hit my target. Maybe next week.