i think big money are rotating into tech right now. Everything else but tech is overvalued.
UBS almost doubled their stake in VMW. Harbor and Vanguard also increased their stakes substantially. The SEC schedules also show that Fidelity has increased their stake but Yahoo has not updated their numbers yet.
people don't realize that if the economy improves the revenue will also improve. Higher revenue and a lower share count lowers the p/e
VMW has not lost any market share. VMW was the first to see the 1h13 slowdown and made the proper adjustments. The competition mentioned the slowdown 3 months later. VMW has an incredible visibility (like Cisco) because they are in every sector and on every continent.
they reported a better revenue in the first quarter and kept the full year revenue guidance unchanged despite removing the Pivotal revenue!
never live in the past, and when the variables in the equation change, you should too.
when you hear people mention $50, you buy, and when they call for $120, you sell