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VMware, Inc. Message Board

  • vmw_watcher vmw_watcher Sep 12, 2007 5:03 PM Flag

    Sept 12 End of Day Report

    Caris & Co.'s analyst, Shebly Seyrafi, maintained an Above Average rating on VMW but raised the target price from $60 up to $90 based on VMware's leadership position in the virtualization segment.

    Shares reached as high as $80.65 today but then took a bumpy road down for most of the afternoon. A rally took off at 3:32pm as VMW hit a day low of $77.06. With 3 block trades totaling 47,000 shares helped the price climb to close at $78.30. Lower by $0.14 from the open but a full $1.65 up from the prior day close.

    Looking at the 1 month line or candlestick chart a clear upward, bullish trend emerges.

    At VMworld, XenSource unveiled their embedded hypervisor distribution channel. It was over-shadowed by VMware's overwhelming OEM support from IBM, HP, Dell, and others.

    On a separate note, folks are still talking about P/E valuation as the main reason to short the stock. Please remember that if VMware meets or beats analyst estimates for 2007 and 2008 then the P/E will only be in the 80-120 range at today's market value. In addition, a 2 for 1 stock split would also change the P/E ratio. Look at revenue growth, look at earnings growth, and the 75%+ market penetration. These are strengths that can not be ignored.

    Bought on August 14th and still have a bullish outlook!

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