is the latest tech disaster. This story came from
REUTERS, but the chart below tells the real story. The stock closed the regular trading session at 83.00
BOSTON, Jan 28 (Reuters) – VMware Inc (VMW.N: Quote, Profile, Research), the leading maker of virtualization software which boosts the efficiency of computer servers, said on Monday its quarterly profit more than doubled but the result fell short of Wall Street expectations.
The company said net profit in the fourth quarter was 78 million, or 19 cents per share, compared to $31 million, or 9 cents per share, a year earlier. Revenue rose 80 percent to $412 million.
Analysts were on average were expecting VMware to report fourth-quarter revenue of $417 million and earnings excluding special items, such as stock-based compensation expense and amortization, of 24 cents per share.