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More on VMware's (VMW) Q4 results: Issues downside revenue guidance for Q1 and FY 2013; sees Q1...

More on VMware's (VMW) Q4 results: Issues downside revenue guidance for Q1 and FY 2013; sees Q1 at $1.17B-$1.19B vs. $1.25 consensus, and 2013 at $5.23B-$5.35B vs. $5.43B consensus. Plans to streamline operations, including exiting certain lines of business and cutting ~900 employees; expects to result in total charges of $90M-$110M. Shares -13% AH; EMC, majority owners of VMW, -4.7%.
Comments (6)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    More layoffs in the tech sector - not good, even though it may be necessary for saving the bottom line. These companies need to grow top line to retain or grow tech jobs.
    28 Jan 2013, 06:59 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    P.S. "Americans unwilling or unavailable to fill those jobs" used as a crutch for the latest on why we need more cheap(er) labor from immigration reform. What a crock. There are very qualified people out there willing and able to perform a range of jobs at market wages. I am pro immigration, but let's not lie about our work force and the dynamics.
    28 Jan 2013, 07:13 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    Microsoft is going after VMWare very aggressively with Hyper-V.

     

    I do feel for the employees however, tech can be brutal sometimes. :(
    28 Jan 2013, 07:49 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    What has changed since this was published on Oct (http://bit.ly/XaJhH2)?
    28 Jan 2013, 08:15 PM Reply Like
  • Derek A. Barrett
    , contributor
    Comments (3534) | Send Message
     
    Good question and thanks for the article. That was over a whole quarter again and Microsoft did just report they are having very strong numbers in their data center group, with Hyper-V being mentioned specifically.

     

    VM technology is getting really commoditized also.
    28 Jan 2013, 08:47 PM Reply Like
  • seekalpha10
    , contributor
    Comment (1) | Send Message
     
    VMW has had problem quarters before. However it's trading range has been down as it seems to get to $100 then falter to low 80's.
    Getting to be a pattern.
    29 Jan 2013, 02:36 AM Reply Like
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