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EMC Corporation Message Board

  • aosjdhdjduryffjfjfj aosjdhdjduryffjfjfj Oct 22, 2009 12:53 AM Flag

    when do i get VMWARE shares as part of spin-off ?

    i have 300 shares of EMC. Where is the vmware spin-off shares ?

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    • From Q3 earnings transcript today. Specifically, Tucci'ss response (or at least part of the answer) :

      Your next question comes from Benjamin Reitzes – Barclays Capital.

      Benjamin Reitzes – Barclays Capital

      Could you talk about what your plans are for your cash? You had good cash flow this year so far. You have your share count creeping up with the higher stock price and you have a convert. Maybe it’s time to buy back more stock or discuss what your acquisition strategy remains to be. Is it string of pearls or anything bigger on the horizon.

      Joseph Tucci

      Our stated preference and I’ll state it again is to continue with our string of pearls approach. I also always state that I don’t want to take any options off the table that we believe firmly will benefit our shareholders and the company for the long haul, but nothing has changed on that front and that will for sure be one of the focuses for usage of cash and obviously you’re right, it’s a couple of years away yet but we do have to think about taking out the convert for cash which is what we’re going to do.

    • Vmware shares are in the EMC Cloud. I got mine.

28.70+0.01(+0.03%)Aug 26 4:00 PMEDT