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>> VMWARE Latest News

JAN 29, 2013 - Business Insider

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VMware's Stock Is Getting Pounded Thanks To Layoffs And A Soft Forecast

VMware's stock is down by about 20% today after it reported a bleak forecast and news that it was cutting 900 jobs yesterday. Those jobs will come from some of its oddball units, like SlideRocket, one of a pair of unusual companies bought by VMware in the spring of 2011. VMware makes software that helps servers run more efficiently in data centers. SlideRocket is a cloud service for interactive business presentations, kind of like PowerPoint on steroids. VMware acquired SlideRocket around the same time as Socialcast, a Yammer-like tool for enterprise collaboration. It's not clear if layoffs ... Read More

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