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VMware, Inc. Message Board

  • financefrau financefrau Feb 27, 2013 8:56 AM Flag

    UBS Notes - End of Jan

    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.

73.35+0.27(+0.37%)Sep 30 4:01 PMEDT