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VMware is spinning off (IPO)

Anonymous Coward writes | more than 7 years ago

Businesses

An anonymous reader writes "http://www.vmware.com/company/news/releases/vienna .html IPO Expected to Unlock Market Value of VMware for EMC Shareholders PALO ALTO, Calif., HOPKINTON, Mass. — February 7, 2007 EMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced its intention to sell approximately 10% of VMware via an initial public offering (IPO) of newly issued VMware stock. EMC will retain ownership of the remaining shares of VMware, and has no intention of spinning out or otherwise divesting this ownership interest. VMware is the global leader in software for industry-standard virtualized desktops and servers and is currently a wholly-owned subsidiary of EMC."

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