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Mar 2 2018

Tech Today: Nasdaq Down 1%, Pondering VMware, Handicapping Broadcom

Mizuho | Barron's

Shares of virtualization pioneer VMware (VMW) are down $7.64, or 6%, at $116.02, despite the company yesterday afternoon beating fiscal Q4 expectations, and affirming its outlook: as William Blair’s Jason Ader writes, it was a “strong” report, but it doesn’t really matter. “VMware stock has now become event-driven,” with Michael Dell’s rumored interest in conducting a reverse merger. “The strong current fundamentals matter less,” he concludes.

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