In case no one saw this post earnings note, UBS analyst has VMW at a buy with a $115 PT. Here is a key paragraph: "Strategic Change in Right Direction, Guidance Looks Too Doomsday
VMW is refocusing on core competency (private/hybrid cloud) and eliminating the
costs/distractions of tertiary low-TAM areas. More focus means less missteps for
customers (eg, vSphere pricing fiasco) and for shareholders faster growth/higher
margins over time (‘more wood/fewer arrows’). Guidance looks overly pessimistic
(continuation of weak Fed/Fin Services, no big deals, muted ELA trends) mixed
with typical ‘new CFO’ conservatism. While ‘1 more reset’ risk to est’s from 3/13
‘Pivotal’ event, magnitude of tailwinds (details inside) suggest ‘beat/raise’ 2013."
If anyone interested, will post additional info from their report.