|
 |
 |
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
Industry News Desk Virtualization: VMware Files to Go Public
EMC subsidiary VMware on Thursday filed its S-1 with the SEC to go public and raise somewhere in the neighborhood of $100 millio
Apr. 29, 2007 02:30 PM
 EMC subsidiary VMware on Thursday filed its S-1 with the SEC to go public and raise somewhere in the neighborhood of $100 million, a number used just to calculate the registration fee. VMware, which EMC bought in ‘04 for $625 million, will be offering 10% of its Class A common stock. Naturally there was no suggestion yet what it would be priced at. And since it’s unclear whether VMware will be on the New York Stock Exchange or the Nasdaq, there’s no ticker symbol yet. EMC will retain control. It will hold 32.5 million shares of the Class A stock and own all of the 300 million shares of a newly created Class B stock, which gets 10 votes a share to the Class A’s one. The money raised is meant to go to repay a debt owned to EMC and buy VMware’s headquarters from EMC. The rest will be used for working capital. EMC reiterated that it expected the IPO to “unlock more of VMware’s value for EMC shareholders,” strengthen VMware’s ability to attract talent and “reinforce EMC’s commitment to VMware’s strategy of platform neutrality.” VMware earned $87 million last year on $703.9 million in revenues. In 2005 it earned $66.8 million on $387.1 million. Citi, JPMorgan, Lehman Brothers, Credit Suisse, Merrill Lynch and Deutsche Bank Securities are taking it out.
Reader Feedback: Page 1 of 1
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
| | | | | | | | |
|
|
|
|
|
|
| | | | | | | | | | | | | | | | | | | | | | | | | | |
|
|
| SYS-CON MEDIA: | | | | |
| SYS-CON EVENTS: | | | | | |
| INTERNATIONAL SITES: | | | | | | | | | | |
 |
Terms of Use & Our Privacy Statement  About Newsfeeds / Video Feeds |
| Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media. |
| Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited. |
.gif)
Just when the US Postal Service looks down for the count, a self-funded Seattle start-up called PaperKarma figures its destiny is to suppress junk mail on which the post office depends.
The company was started by Sean Mortazavi, who hasn’t given up his day job at Microsoft yet, and P...
As a result, it said, of “customer feedback and evolving usage patterns,” Microsoft cut the price of its cloud-ified SQL Azure database 48%–75% for databases larger than 1GB and introduced a new entry-level 100MB model.
It blogged that it’s noticed that many projects start small but ...
Wide and cheap availability of cloud-based media services is upon us. With the transformations these services are already bringing to the consumption of music, video and interactive media, change has likewise come to professional workflows. Documents in 2012 are read, written, collabor...
Centrify is going into the mobile business in support of iOS and Android phones and tablets.
The move involves putting its multi-platform support for Microsoft’s Active Directory on its own cloud so companies can protect the increasing ubiquitous BYOD they need to control and secure ...
Sooner than expected, Apple Thursday started previewing a developer-directed beta of Mountain Lion, its next-generation Mac OS X 10.8, due out late this summer.
It’s borrowed some more features from iOS like the popular and unlimited iChat-replacing iMessages IM as well as Notes, Gam...
Cloud is a shift from the focus on underlying technology implementation to leveraging existing implementations and further building upon them. Cloud orchestration or a network of clouds is the wave of the future where these clouds can operate with elasticity, scalability, and efficienc...
