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Subject:  Chatter From VMWorld Date:  8/31/2011  6:07 AM
Author:  newsreporter Number:  154 of 170

Chatter From VMWorld

Louis Miscioscia with Collins Stewart, who maintains a Buy rating on VMW, and a $108 price target, notes that the show floor was “very crowded.” He also writes that his conversations with chief information officers at the event reveal that “companies are virtualization their entire list of applications,” though I think he meant to say “virtualizing.”

Patrick Walravens with JMP Securities reiterated a Market Outperform rating on the stock, and a $123 price target,and focuses on the issue of recent price changes in VMWare software, which had caused some outcry from the user base.

“Based on our conversations with nine resellers and customers, our key take-aways are that spending on VMware products is accelerating (“Anything with a V in front of it is selling”) and the pricing change is not likely to negatively impact tha