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• VMware shares suffer huge drop

  Posted Jul 08 2008, 08:47 AM by Kim Peterson
  Filed under: Microsoft, EMC, VMware, Kim Peterson
  Money Blog: Top Stocks Blog - MSN Money

  Shares of VMware plummeted 26% in morning trading after the company said its revenue for the year would be less than expected. The company also booted its president and CEO, Diane Greene, and moved former Microsoft exec Paul Maritz into the spot.

  It's been a rough ride for VMware, who was the belle of the stock market ball last year. Its shares cleared $110 last October, but since then they've been on a remarkable slide and and have dipped under $40 today. I don't think the news was bad enough to warrant that kind of drop. The company said revenue would dip "modestly" below its guidance of 50% year-over-year growth. And even if revenue comes in at, say, 40% above the prior year, that's a heck of an achievement. Sales for fiscal 2007 were $1.33 billion.   Read More...

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• IPO madness: Constant Contact debuts on the market

  Posted Oct 03 2007, 09:50 AM by Kim Peterson
  Rating:
  Filed under: EMC, VMware
  Money Blog: Top Stocks Blog - MSN Money

  

  A small Massachusetts company called Constant Contact is having a great IPO today, raising $107 million and seeing its shares jump above the initial $16 price. Last time I checked, shares were well over the $29 mark.

  All this for a e-mail marketing company whose software lets you create, send and track e-mail messages.

  Constant Contact has about 130,000 customers, and two-thirds of them have fewer than 10 employees, according to a regulatory filing. Customers pay a monthly subscription fee of between $15 and $150, and the company's 2006 sales were $27.6 million. The company is not profitable.

  Even Constant Contact must be shocked by this turnout. Executives had only expected the IPO to price between $12 and $14 a share.   Read More...

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