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%. [View news story]
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.
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%. [View news story]
Getting to be a pattern.