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VMware: Microsoft Veteran Crashes the Party

Posted July 8th, 2008 by The VAR Guy

Is the party over for VMware and the virtualization market? Yes and no. In a surprise move, former Microsoft executive Paul Maritz has been named president and CEO of VMware, replacing ousted co-founder Diane Greene.

One possible reason, notes Barron’s: VMware’s revenue growth for 2008 won’t quite meet the 50 percent target that Wall Street was expecting. Plenty of companies would welcome such growth problems, but VMware shares are down more than 20 percent on the news.