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VMware, Inc. Message Board

  • chimpy2nuts chimpy2nuts Feb 10, 2013 8:52 PM Flag

    Put buy order for tomorrow at $58 based on Barron's research

    Hope it gets fill tomorrow!

    Sentiment: Hold

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    • Tiernan Ray is a below average tech/investment writer. Anyone who reads his blog already knows that.

      This type of article, published when it was, is for nothing more than shock value. Nothing new was stated in it, it's all been priced in to the shares.

      What Tiernan did convenient leave out with all his numbers is the fact that VMW is sitting on $10.80/share cash, or about $9.75 net of debt. Adjust the share price for that, and the forward PE is something closer to 20.

      "the company narrowly beat revenue and profit estimates, reporting sales of $1.29 billion and net profit of 81 cents, versus $1.28 billion and 78 cents expected, exceeding by just 1% on the top line while giving a little better 4%"

      Considering the dismal Q4 turned in by most other companies, having not only missed estimates, but warned and missed new lowered estimates, VMW did just fine. They beat the estimates, period.

      If you put such importance on this particular article from this author, then you should go read his Oct 6 article in Barron's titled "Apple Critics Sharpen Their Pens, But Lack Logic". Here's a gem from that article:

      "It's open season on Apple now that Steve Jobs is gone. But the current batch of criticism won't dent the company or its shares."

      He goes on and on glorifying Apple. We all know what's happened to the share price of Apple since.

      Think for yourself. Tiernan isn't the person you want to have thinking for you.

    • Looking like a good short It just broke below resistance of 78.16

      70.00 for a low No way 58.00 unless the entire market slides

      Sentiment: Hold

74.22-1.01(-1.34%)Aug 30 4:03 PMEDT