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Voices

VMware Closes Under $40 for First Time Ever

in News on July 9, 2008 at 6:32 pm PT

Investors continued to shed VMware (VMW) shares today in the wake of yesterday’s firing of CEO Diane Greene and a reduction in the company’s 2008 outlook. The company, which went public August 13, 2007, at $29 a share, immediately went soaring higher, trading as high as $125.25 on an intra-day basis last Halloween.