Feeds

Greene washed out of VMWare as revs undershoot

MS veteran replaces co-founder

Top three mobile application threats

VMWare co-founder Diane Greene left the company today as it announced it would undershoot its full year revenue targets.

VMWare chairman Joe Tucci said in a statement that former Microsoft exec Paul Maritz would take the helm of the firm. Tucci also thanked Greene for her contributions and wished her “every success in the future”.

The firm bolted a paragraph onto the end of the statement explaining it would announce its Q2 results on July 22 and that: “While VMWare is not updating guidance for Q2, we expect revenues for the full year of 2008 to be modestly below the previous guidance of 50 per cent growth over 2007.”

We’ll stick our necks out and say this suggests the company may have met its Q2 targets, but not without a struggle, and has a bad, bad feeling about the next couple of quarters.

Significantly, Greene did not contribute to the statement, which suggests she has personally taken the fall for the guidance markdown.

Wall St clearly wasn't reassured by today's statement, VMWare’s shares were down by a quarter at time of writing to a shade under $40, a far cry from the $120 plus they were trading for last Autumn.

As for Maritz, he spent 14 years at Microsoft, leaving the firm in 2000. In 2004, he founded Pi Corp which focused on cloud computing solutions for personal information management. Pi was acquired by sometime VMWare parent EMC earlier this year, and Maritz became head of the firm’s Cloud Division. ®

High performance access to file storage

More from The Register

next story
This time it's 'Personal': new Office 365 sub covers just two devices
Redmond also brings Office into Google's back yard
Kingston DataTraveler MicroDuo: Turn your phone into a 72GB beast
USB-usiness in the front, micro-USB party in the back
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Inside the Hekaton: SQL Server 2014's database engine deconstructed
Nadella's database sqares the circle of cheap memory vs speed
BOFH: Oh DO tell us what you think. *CLICK*
$%%&amp Oh dear, we've been cut *CLICK* Well hello *CLICK* You're breaking up...
Just what could be inside Dropbox's new 'Home For Life'?
Biz apps, messaging, photos, email, more storage – sorry, did you think there would be cake?
AMD's 'Seattle' 64-bit ARM server chips now sampling, set to launch in late 2014
But they won't appear in SeaMicro Fabric Compute Systems anytime soon
Amazon reveals its Google-killing 'R3' server instances
A mega-memory instance that never forgets
prev story

Whitepapers

Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
SANS - Survey on application security programs
In this whitepaper learn about the state of application security programs and practices of 488 surveyed respondents, and discover how mature and effective these programs are.