vmware

  • IBM Inks VMware, GitHub, Bitly Deals, Expands Apple Swift Use As It Doubles Down On The Cloud

    IBM Inks VMware, GitHub, Bitly Deals, Expands Apple Swift Use As It Doubles Down On The Cloud

    While a large part of the mobile industry swirls around the streets of Barcelona, IBM is playing host at its own big InterConnect event in Las Vegas, where it unveiled a rush of deals that underscore another major aspect of the growth of mobile: the rise of cloud services. Today, IBM unveiled deeper partnerships with Apple, VMware, GitHub, Bitly and Siemens. Separately, IBM also made… Read More

  • VMware Confirms Layoffs In Earnings Statement As It Prepares For Dell Acquisition

    VMware Confirms Layoffs In Earnings Statement As It Prepares For Dell Acquisition

    VMware confirmed that it was laying off 800 employees today as part of its fourth quarter earnings statement. The layoffs had been originally reported by Fortune last week. The move appears to be part of the ongoing dance among EMC federated companies prior to the Dell acquisition expected to go through later this year. Dell announced it was buying EMC in October for $67 billion. EMC owns… Read More

  • Plot Thickens In Dell-EMC Deal As VMware Announces It’s Walking Away From Virtustream Deal With EMC

    Plot Thickens In Dell-EMC Deal As VMware Announces It’s Walking Away From Virtustream Deal With EMC

    Ah, nothing goes easy with that $67 billion Dell-EMC deal, does it? Today the plot thickened a bit more when VMware announced in a filing with the SEC that it was walking away from the agreement with EMC to form Virtustream as a jointly owned company. Re/code first reported this news. This whole deal has from the start been a fairly complex tale, and like the movie Groundhog Day, one we… Read More

  • Google Buys Bebop And Names Diane Greene To Lead Enterprise Cloud Effort

    Google Buys Bebop And Names Diane Greene To Lead Enterprise Cloud Effort

    In a surprise move today, Google announced it was buying enterprise development platform startup bebop and making its founder, Diane Greene head of Google’s enterprise cloud business. Greene boasts an impressive background as one one of the co-founders and former CEO at VMware. Her company had been operating in stealth up until today’s acquisition. Google made the move official… Read More

  • Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Pivotal IPO Could Make Dell-EMC Deal Even More Complicated

    Even while the Dell-EMC deal seemingly moves forward, there is still plenty of maneuvering going on at EMC. A couple of weeks ago VMware announced it was creating a new company called Virtustream that will be jointly owned with EMC, and just yesterday a re/code report suggested that Pivotal, another EMC-VMware joint venture, could IPO in early 2016. All of this is further complicated… Read More

  • EMC And VMware Spin Out Virtustream As Jointly Owned Company

    EMC And VMware Spin Out Virtustream As Jointly Owned Company

    In a surprise move today at its earnings call, VMware announced that together with EMC, it was forming a jointly-owned company under the name of Virtustream, which is the company EMC bought last spring for $1.2 billion. The move comes against the dramatic backdrop of the announcement last week that Dell was acquiring EMC for $67 billion. You see, EMC owns 80 percent of VMware. To… Read More

  • VMWare Beats Expectations With $1.02 EPS, $1.67B In Revenue

    VMWare Beats Expectations With $1.02 EPS, $1.67B In Revenue

    At a time when there are a lot of questions about the company’s future, VMWare beat analyst expectations with $1.02 in non-GAAP earnings per share compared to expectations of $1. The company reported $1.67 billion in revenue, up 14 percent year-over-year, beating expectations of $1.66 billion. Read More

  • VMware To Purchase Boxer Email App And Fold It Into AirWatch

    VMware To Purchase Boxer Email App And Fold It Into AirWatch

    VMware didn’t let this week’s news that it was included in the $67 billion merger with Dell prevent it from breaking some news of its own, announcing plans to purchase email management app Boxer for an undisclosed amount at VMworld Europe. Even though EMC owns 80 percent of VMware, it has always operated as an independent entity, publicly traded under a separate stock. It… Read More

  • VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC

    VMware Reports Q3 Sales Of $1.67B, Stock Drops After Dell Offers $67B For EMC

    Alongside the not-unexpected news that Dell would acquire EMC in a record $67.1 billion deal, EMC-controlled VMware released an early look at its Q3 results: The virtualization giant said it expects to post $1.672 billion in sales, with non-GAAP net income of $1.02/share. The market, at least initially, doesn’t look very impressed: shares of VMware dropped by as much as 10… Read More