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Intel Cuts VMware Stake In Half

November 4, 2008 by Robin Wauters Leave a Comment

While Cisco is increasing its stake in VMware, Intel is reducing it. The company plans to sell the bulk of those shares on Tuesday, according to a regulatory filing.

Intel disclosed that it had recently sold 1 million shares in the virtualization software maker and plans to sell another 3.75 million VMware shares on the open market “approximately” on Tuesday.

The chipmaker originally paid $23 per share for the stock in a private placement. VMware shares hit a record high of $125.25 on October 31, 2007, after going public in August that year at $29 per share.

Shares of VMware, which is majority-owned by EMC, fell nearly 4 percent before recovering to trade up 0.53 percent at $31.98 in morning trade on the New York Stock Exchange.

More info in this Reuters article.

Filed Under: Featured, News Tagged With: Cisco, intel, Intel Corp, Intel Corporation, regulatory filing, shares, stake, stock, virtualisation, virtualization, vmware

Endeavors Unable To Secure Funding, Suspends Shares

July 22, 2008 by Robin Wauters Leave a Comment

These are troubled times for application virtualization and streaming startup Endeavors Technologies, who recently released its Application Jukebox and split the offer into 3 separate editions. Apparently, the company has been unable to secure a large funding round after exploring a number of possible options, resulting in a suspension of ordinary shares which have stopped trading on the London Stock Exchange.

David Lee, Chairman of Endeavors commented:

“The continued decline in institutional confidence has undermined our best efforts to satisfactorily conclude the proposed re-construction of the company and our inability to attract the relevant level of investment appropriate to the company’s phase of development is deeply disappointing. We are exploring all available options”

A further announcement is expected to be made in due course.

[Source: Virtualization.info]

Filed Under: Funding, News Tagged With: application virtualization, David Lee, Endeavors, Endeavors Technologies, Funding, London Stock Exchange, problems, shares, suspension of shares, trouble, virtualisation, virtualization

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