Jana Technology Services Blog

March 26, 2007

EMC spin off 10% VMware.

Filed under: Sales and Business Development,Technology — janats @ 10:03 am

EMC are to spin off 10% of virtualisation provider VMware.  Joe Tucci, CEO, expects the spin off to occur in September and is quoted as saying it “will unlock more of VMware’s value for EMC shareholders”.

EMC paid $625million for VMware in 2004 and revenues went up to $709 million in 2006.

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