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BUSINESS
January 29, 2008 | From Times Wire Services
VMware Inc., the software company with the best-performing U.S. technology initial public offering last year, Monday reported fourth-quarter sales that missed analysts' estimates as competition increased. Shares fell 26%. The Palo Alto company said sales climbed 80% to $412.5 million, but that trailed the $416.8 million that analysts, on average, had expected. The company, which faces new competition from Microsoft Corp. and Citrix Systems Inc., said it expected sales for the year to increase 50%, which also missed analysts' projections.
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BUSINESS
January 29, 2008 | From Times Wire Services
VMware Inc., the software company with the best-performing U.S. technology initial public offering last year, Monday reported fourth-quarter sales that missed analysts' estimates as competition increased. Shares fell 26%. The Palo Alto company said sales climbed 80% to $412.5 million, but that trailed the $416.8 million that analysts, on average, had expected. The company, which faces new competition from Microsoft Corp. and Citrix Systems Inc., said it expected sales for the year to increase 50%, which also missed analysts' projections.
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BUSINESS
December 16, 2003 | From Associated Press
Data storage company EMC Corp. said Monday that it would pay $635 million to buy VMware Inc., a Palo Alto company active in the field of "utility computing." VMware reportedly spurned an offer last year to be bought by Microsoft Corp. and was being closely watched as one of the tech companies most likely to go public in 2004. But that possibility was quashed with the announcement of EMC's agreement to buy VMware, which Hopkinton, Mass.
BUSINESS
November 6, 2007 | From the Associated Press
Personal computer maker Dell said Monday it has agreed to pay $1.4 billion in cash for EqualLogic Inc., which makes data-storage network systems, in another move to boost growth by looking outside its traditional PC business. Data storage accounted for only 4% of Dell's revenue last year but is growing much faster than personal computer sales. In the first nine months of this year, EqualLogic had sales of $91 million and lost $1.
BUSINESS
March 17, 2009 | Associated Press
Cisco Systems Inc. wants a bigger chunk of the corporate computing market and plans to start selling servers in competition with old partners such as Hewlett-Packard Co. and IBM Corp. The servers are part of a package put together by Cisco and partners including BMC Software Inc. and VMware Inc. to harness the power of a recent technology called "virtualization" that lets one computer act like several.
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