The stock market was taking a severe beating today except I notice that VMware (VMW) was trading over $100 per share for an increase today of around 2% when I checked and started this post. I found that to be interesting and starting looking for a possible reason why.
VMware has been very busy lately and continues to grow financially year after year. At the end of the first quarter of 2011 VMware’s revenue was up 33% already. This leaves VMware with somewhere around $1.3 billion in cash to help broaden its overall appeal to investors as well as to market VMware’s vision of the cloud.