Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next
Author: newsreporter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 170  
Subject: CFO leaving Date: 4/11/2012 6:22 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
VMWare Slips: CFO Leaving for ‘Cloud’ Startup Workday
http://blogs.barrons.com/techtraderdaily/2012/04/11/vmware-s...


Shares of VMWare (VMW) are down $2.58, or 2%, at $107.80 after the company this morning said its chief financial officer, Mark Peek, has left to server as CFO of Workday, a “cloud computing” startup making analytics software deployed on a hosted basis that has a lot of buzz on the Street of late.

The company also said its Q1 results were expected to “broadly” meet or exceed the forecast it offered back on January 23rd.

Peek has been a board member at Workday.

CEO Paul Maritz thanked Peek for taking the company public in 2007 and providing “a steady hand” over the years. He said Peek has “built a great team of finance and operations professionals.”

FBR Capital’s Daniel Ives, who has an Outperform rating on the shares and designates the stock a “Top Pick,” writes that investors are likely to be disappointed by the departure of someone who was “extremely well regarded,” and by a quarterly outlook that sounds like it may not have been the “home run” some were hoping for.
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev | Next

Announcements

Post of the Day:
Value Hounds

Kate Spade's Wild Ride
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement