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derekrv

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  • EMC (EMC +1.1%) and VMware's (VMW +5.6%) Pivotal Initiative will be taken public, EMC CEO Joe Tucci discloses during the companies' investor day (webcast). EMC will own 69% of the spinoff, and VMware 31%. Pivotal is headlined by EMC's Greenplum analytics database/hardware unit, but also features a slew of other product lines aimed at companies working on big data projects or developing Web/cloud apps. Given the hype surrounding Pivotal's addressable markets, the post-IPO valuation could be huge. [View news story]
    Naive comment - but if EMC owns 69%, and VMW owns 31%, in what way is the company public ?
    Mar 13 10:48 AM | 1 Like Like |Link to Comment
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