VMware Inc.'s leadership position in the growing virtualization space warranted an analyst's favorable rating in its second day of trading. Virtualization software enables several applications and operating systems to run on one server which reduces computer hardware and energy requirements.
August 16, 2007 at 12:00 AM
1 minute read
Shares of VMware Inc. continued to rise Wednesday in their second day of trading — following a 76 percent gain Tuesday — after a Caris & Co. analyst gave the virtualization software maker a favorable rating.
Shares rose $4.70, or 9.2 percent, to $55.65 in midday trading Wednesday. Earlier, they traded as high as $56.05.
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