VMWare, once Wall Street's darling, takes a beating
When VMWare (VMW), the world's leading virtualization software company, was partially spun out of EMC (EMC) so that its shares were available for public trading, it was considered the next big thing in the tech landscape.
In early 2007, the stock traded at $55. By October of that year, it changed hands at nearly $125. After yesterday's earnings report it plunged toward $25 after hours.
