News, info, and opinion by Mac users, for Mac users.

July 30, 2007

money

VMWare virtually cleaning up

Posted Jul. 30, ’07, 8:10 AM PT by Dan Moren
Category | Money

Cisco VMWareThose crazy cats at VMWare are just raking in the dough. With, like, a big rake and everything. Earlier this month, it was processor monolith (and occasional European Union foil) Intel chipping some cash into the outfit’s virtualization operations. Last week, a similar deal came from networking giant (and brand killer) Cisco.

The company is prepared to sink $150 million into VMWare, snagging 6 million shares of stock, which will net them a 1.6% equity stake in the company. While an Intel executive will be joining VMWare’s board as part of their deal, a similar arrangement has not yet been struck with Cisco.

Buying up shares sounds like fun, doesn’t it? Well, that’s because trading your hard-earned money for the chance to earn more money (or lose it—but that won’t happen!) is the most fun you can have outside of Nevada. And you can get in on it: back in February, VMWare announced plans to offer about 10% of its stock publically, which will probably happen in the third quarter of this year. So save your pennies.

Meanwhile, virtualization rival Parallels has reputedly deployed an army of strategic panhandlers throughout Silicon Valley, asking passing tech execs for a spare thousand or two, while singing a tear-inducing rendition of The Beatles’s “You Never Give Me Your Money.” We wish them luck.


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