Technical & System Software Industry
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The Technical & System Software Industry's VMware (VMW) was InvestorGuide.com's Stock of the Day on 7/9/2008.
VMware Replaces CEO; Stock Plummets
Software company VMware shocked investors yesterday by releasing two pieces of unexpected news. First, the company announced that they will be replacing CEO and co-founder Diane Greene. Secondly, the company announced an update on its 2008 revenue prediction, and it wasn't news that pleased investors. The company's stock plummeted yesterday, reaching a low it has never experienced before. What is it about the news that caused investors to react so strongly, and despite this, why are there many investors who now are eyeing the stock as a good purchasing opportunity?Read more
Click here to see the complete Stock of the Day archives!
VMware Replaces CEO; Stock Plummets
Software company VMware shocked investors yesterday by releasing two pieces of unexpected news. First, the company announced that they will be replacing CEO and co-founder Diane Greene. Secondly, the company announced an update on its 2008 revenue prediction, and it wasn't news that pleased investors. The company's stock plummeted yesterday, reaching a low it has never experienced before. What is it about the news that caused investors to react so strongly, and despite this, why are there many investors who now are eyeing the stock as a good purchasing opportunity?Read more
Click here to see the complete Stock of the Day archives!
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March 19, 1931:
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