Merger and Acquisition #5: VMware Inc
The fifth potential take over target for the cash-rich big tech companies according to Bloomberg BusinessWeek is the Palo Alto, CA based VMware, Inc. (Nasdaq:VMW). VMware provides virtualization software where companies can built multiple instance of virtual servers out of a single physical server. The company that has showen interest in buying VMware is CISCO. Other companies that may buy VMware includes IBM and HP.
Compare to the previous mentioned companies VMware is a bigger company to swallow with market cap of $32.63 billion. Shares of VMware have tripled for the past 15 months and are currently trading at $78.74. Revenue has been rising rapidly for the last 5 years and is still rising quarter after quarter this year. The technical chart shows weakness as VMW is trading below 50 day moving average but still above 20 day moving average.
Compare to the previous mentioned companies VMware is a bigger company to swallow with market cap of $32.63 billion. Shares of VMware have tripled for the past 15 months and are currently trading at $78.74. Revenue has been rising rapidly for the last 5 years and is still rising quarter after quarter this year. The technical chart shows weakness as VMW is trading below 50 day moving average but still above 20 day moving average.
posted by Stock Geek at
11:06 PM
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