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Saturday, August 18, 2007

THE WEEK IN REVIEW: A virtual gold mine

CNET
News.com
August 18, 2007
A virtual gold mine

While the rest of the stock market was taking a wild roller-coaster ride this week, a tech public offering got a warm welcome from investors.

Investors in VMware's initial public offering got a rocket ride as the highly anticipated IPO launched out of the gate with an initial trade of $52 a share. VMware investors who snapped up shares at $29 a pop as part of the IPO offering reaped a profit of 79 percent on that first trade.

VMware's stellar stock offering shows that virtual machines are starting to add up to real dollars. Virtual machines, the technology that VMware helped pioneer, allow one computer to act as many, whether it's a Mac running Windows and the Mac operating system at the same time or a massive server running multiple instances of Windows and Linux simultaneously. Once a niche technology, virtualization is expanding rapidly as businesses try to get more bang for their server buck.


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Steven Musil
Steven Musil
CNET News.com
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