Message Font: Serif | Sans-Serif
 
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread
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: Chatter From VMWorld Date: 8/31/2011 6:07 AM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 0
Chatter From VMWorld
http://goo.gl/pWhaI


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 that spending,” writes Walravens.

“All of the customers and resellers that we spoke with indicated that they expected spending on VMware to remain the same despite the pricing change.”

Michael Turits with Raymond James, on the other hand, reiterates a Market Perform rating on VMW, writing that the presentation by CEO Paul Maritz, and the product introductions, were “more evolutionary than revolutionary.”

VMware is well off its 52-week high of $111.43, like a lot of enterprise software stocks, he writes, and so “excitement around the conference could provide a near term boost to the stock,” but there’s no change to the fundamental outlook for the company.
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (1) | Ignore Thread Prev Thread | Prev | Next | Next Thread

Announcements

Foolanthropy 2014!
By working with young, first-time moms, Nurse-Family Partnership is able to truly change lives – for generations to come.
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.
Post of the Day:
Falling Knives

Falling Pharma Prices
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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