VMware (VMW +3.1%) outperformed after Piper launched coverage with an Overweight. Piper notes...

|By:, SA News Editor

VMware (VMW +3.1%) outperformed after Piper launched coverage with an Overweight. Piper notes VMware has an 82% revenue share of the white-hot virtualization market (per IDC), in spite of ample competition, and expects VMware's huge installed base to give it plenty of chances to cross-sell complementary software. Interestingly, 80% owner EMC (EMC -1.1%) sold off with the market in spite of VMware's rise.