VMware (VMW) officially announces its CEO change. Paul Martiz is out, and Pat Gelsinger is in....


VMware (VMW) officially announces its CEO change. Paul Martiz is out, and Pat Gelsinger is in. Maritz will become Chief Strategist at parent EMC. The company also reports preliminary Q2 revenue of $1.12B (+22% Y/Y), slightly above a $1.11B consensus, and an operating margin of 32% (above guidance of 30.255-31.25%). It expects 2012 revenue of $4.54B-$4.635B vs. a consensus of $4.59B. VMW +6% AH.

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