Amazon's entry into the visualization market with Workspaces is going to demolish VMW. Amazon claims its persistent Workspaces cost 50% less than virtual desktops. Huge sell off will continue into high 60's. VMW used to be a leader in this space but just can't compete anymore as customers are fed up with their licensing cost structure and other comparable, more affordable options are becoming more readily available.
You are so right.Very smart of you not to buy the hype on this turd. Watch it collapse today and realize you were correct not to baghold.
Just like last year they will mess up and sKrW the guidance. It will get another 20% hit like last year and trend down from there. Why do you think it keeps legging down on a weekly basis ever since the fake Beat last month? Learn the reality of this loser stock and company.
unfortunately for Amazon though, CTOs remember the day before X-mas when Amazon went down and netflix became no-flix.
mission critical apps are going nowhere. the Pivotal approach is the way to go.
take advantage of today's drop....
Citrix on the other hand lowered the guidance and the stock is up from $55 to $61+, up another 1.5% today
at least EMC is up today close to 2% after the Pivotal announcement. VMW's 28% share of Pivotal must consist of just the building and furniture
remember, VMW had a great quarter while the other tech stocks struggled. It grew 19% and said it will grow 17% to 20% this quarter.
go to the VMW website and listen to the CC
personally, i think you are buying the best at a discount.