Feeds

EMC to hang fire on VMWare stock sales for two years (or more)

Will retain its Pac-Man shaped percentage after IPO

Intelligent flash storage arrays

EMC is to retain a 90 per cent stake in VMWare for at least two years after the subsidiary's IPO in late 2007.

EMC CEO David Goulden today told the Reuters Global Technology, Media and Telecoms Summit in New York the company will assess the situation later, but is "looking at at least a couple of years time horizon."

Plans to offer 10 per cent of VMWare through the IPO were announced in February to provide a boost for EMC shareholders concerned over VMware's sales skyrocketing while EMC shares stayed flat.

An April filing with the US Securities and Exchange Commission revealed EMC plans to get $100m out of the sale.

EMC bought virtual machine software maker VMWare in 2004 for $635m cash. ®

Beginner's guide to SSL certificates

More from The Register

next story
The cloud that goes puff: Seagate Central home NAS woes
4TB of home storage is great, until you wake up to a dead device
Azure TITSUP caused by INFINITE LOOP
Fat fingered geo-block kept Aussies in the dark
You think the CLOUD's insecure? It's BETTER than UK.GOV's DATA CENTRES
We don't even know where some of them ARE – Maude
Intel offers ingenious piece of 10TB 3D NAND chippery
The race for next generation flash capacity now on
Want to STUFF Facebook with blatant ADVERTISING? Fine! But you must PAY
Pony up or push off, Zuck tells social marketeers
Oi, Europe! Tell US feds to GTFO of our servers, say Microsoft and pals
By writing a really angry letter about how it's harming our cloud business, ta
SAVE ME, NASA system builder, from my DEAD WORKSTATION
Anal-retentive hardware nerd in paws-on workstation crisis
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Website security in corporate America
Find out how you rank among other IT managers testing your website's vulnerabilities.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.