VMware (now that they've IPO'ed) is Worth More than Microsoft, Oracle, and SAP Combined

posted by  david (61)  14 months ago (feeds.feedburner.com)

This one I just got off the Redmond Magazine newswire:

Investors are flocking to VMware too. The Palo Alto-based company's initial public offering raised $1.1 billion, the most a high-tech company has pulled in since Internet search leader Google Inc. went public three years ago.


VMware's stockholders have enjoyed the ride as shares have nearly tripled from their initial price of $29. The stock hit a new high of $82.75 Tuesday before finishing the regular trading session at $76.65.

With a market value approaching $30 billion, VMware already is worth more than all but three publicly traded software makers -- Microsoft Corp., Oracle Corp. and SAP AG.

In January 2004, VMware was valued at $602 million -- the price EMC Corp. paid for it then. Hopkinton, Mass.-based EMC still