Jeffrey Blake :: $VMW VMware stock is slumping - dont expect a rebound

Vmware, Inc. ($VMW)

$VMW

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72.80
-0.80 (-1.09%)
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Computer Software: Prepackaged Software

VMware, Inc. is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (IT) resources. The Companyï¿½s solutions enable organizations to aggregate multiple servers, storage infrastructure and networks together into shared pools of capacity that can be allocated dynamically, securely and reliably to applications as needed, increasing hardware utilization and reducing spending. Once created, these internal computing infrastructures, or clouds, can be dynamically linked by its customers to external computing resources that run on a VMware virtualization platform. In 2012, the Company acquired Nicira. In December 2012, the Company launched the Pivotal Initiative with EMC Corporation (EMC), and plan to commit technology, people and programs from both companies focused on Big Data and Cloud Application Platforms.