VMWare loses CEO, sees poor sales

By Justin Mann on July 8, 2008, 12:22 PM
Are VMWare's glory days of being the only virtualization suite provider around over? Many other vendors are trying to capitalize on the growing need for virtualization – Microsoft and Cisco to name some high-profile players – and it seems to be hurting VMWare. Recently, they’ve had some serious setbacks, according to Fortune. It seems that the company has now lost its CEO, to be replaced by a former Microsoft employee. That's not where they are really hurting, however.

Where they are suffering the most is in value, with VMWare stock dropping considerably along with EMC (who owns most of VMWare) also reaching a low point. Due to this and increased competition from others, VMWare has “revised” their revenue expectations, which of course means they are expecting to sell less. This isn't the first time this has happened this year, either. Back in January they reported some dismal sales results.




User Comments: 2

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robinwauters said:
There was something in the air before the US woke up:[url]http://virtualization.com/news/2008/07/08/emc-vmware
spinout/[/url]Our take on Diane Greene’s departure:[url]http://virtualization.com/news/2008/07/08/dia
e-greene-vmware-paul-maritz/[/url]
phantasm66 said:
Don't get me wrong I love this software and NEED it to do what I really (outside work) do but methinks its part of the first generation of mainstream virtualisation and that we have SEEN NOTHING YET - but these future wonders will likely be through other vendors.
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