Tuesday, October 18, 2011

VMware gets mixed reaction...

VMware Inc (VMW). The business software maker on Monday posted quarterly profit ahead of market estimates, helped by growth in the Asia Pacific market, and it forecast fourth-quarter revenue above analysts' expectations. VMware forecast fourth-quarter revenue of $1.03 billion to $1.06 billion. Net income for the third quarter more than doubled to $177.5 million, or 41 cents a share, from $84.6 million, or 20 cents a share, a year ago.

VMW is currently up 0.05 to 89.55

Last night, the stock was down 10 at one point.

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