VMware Stock Nosedives as Dell Acquisition Details Emerge
As time rolls on following the announcement that Dell is buying EMC, things seem to be getting murkier for VMware, rather than more clear. The latest fallout from this confusion is that VMware stock is plunging, losing 20 percent of its value.
"Stock in VMware, which trades under its own symbol, dropped nearly 20% Wednesday after EMC said it would reorganize the two companies’ cloud-computing offerings into a subsidiary named Virtustream, which is expected to go live early next year," reported Robert McMillan of Dow Jones Business News.
New Cloud Business
To learn more and to read the entire article at its source, please refer to the following page, VMware Stock Nosedives as Dell Acquisition Details Emerge- Virtualization Review Blogs