8/23/2023 0 Comments Emc stock news![]() ![]() We expect that the IPO will help us execute on our vision of an industry-standard virtual infrastructure. Our focus on people, innovation and the customer adoption of our products has enabled us to continue to grow our company and deliver significant value. It finished the fourth quarter of 2006 with year-over-year revenue growth of 101%, delivering accelerating year-over-year growth for the fifth consecutive quarter.ĭiane Greene, VMware President and EMC Executive Vice President, said, “VMware has secured its leadership position in the virtualization market through industry-leading and award-winning products. VMware had record sales in 2006, growing revenues 83% during the year to $709 million. We expect the IPO to unlock more of VMware’s value for EMC shareholders while also strengthening its ability to retain and attract the software industry’s top talent.” Joe Tucci, EMC Chairman, President and Chief Executive Officer, said, “VMware is one of the fastest-growing businesses in the history of the software industry. VMware is the global leader in software for industry-standard virtualized desktops and servers and is currently a wholly-owned subsidiary of EMC. EMC will retain ownership of the remaining shares of VMware, and has no intention of spinning out or otherwise divesting this ownership interest. PALO ALTO, Calif., HOPKINTON, Mass., FebruEMC Corporation (NYSE:EMC), the world leader in information infrastructure solutions, today announced its intention to sell approximately 10% of VMware via an initial public offering (IPO) of newly issued VMware stock. EMC Announces Initial Public Offering IPO Expected to Unlock Market Value of VMware for EMC Shareholders
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