EMC, VMWare Resist Market Downdraft
On the heels of the conclusion of the recent successful EMC World 2011 conference held in Las Vegas this past week, and all of the innovations and business and technology alliances that were revealed during the course of the conference, the stock prices of both EMC (ticker EMC) and VMWare (VMW) are showing remarkable resistance to the current downdraft being experienced by the overall market and the broad market indexes with the Dow Jones Industrial Average down over 100 points.
As an indication of investors’ approval and support of the news coming out of the conference, the stock prices of both companies are actually both up on a day when the indexes are selling off. VMWare currently trades at $95.00, slightly under its 52 week high and treading water while the overall markets are in decline. EMC, which owns an approximate 80% stake of VMWare, currently trades at $27.85, up slightly from yesterday’s close and approximately only 4% off its 52 week high.
Since you’re here …
… We’d like to tell you about our mission and how you can help us fulfill it. SiliconANGLE Media Inc.’s business model is based on the intrinsic value of the content, not advertising. Unlike many online publications, we don’t have a paywall or run banner advertising, because we want to keep our journalism open, without influence or the need to chase traffic.The journalism, reporting and commentary on SiliconANGLE — along with live, unscripted video from our Silicon Valley studio and globe-trotting video teams at theCUBE — take a lot of hard work, time and money. Keeping the quality high requires the support of sponsors who are aligned with our vision of ad-free journalism content.
If you like the reporting, video interviews and other ad-free content here, please take a moment to check out a sample of the video content supported by our sponsors, tweet your support, and keep coming back to SiliconANGLE.
