VMware Inc. (VMW) announced Wednesday that its annual revenue growth could be as high as 20 percent by 2016. The company also announced along with EMC Corp. (EMC: Quote) that they are planning to create a new company called Pivotal, which would be 69 percent owned by EMC and 31 percent owned by VMware.
VMware climbed for the majority of the morning Wednesday and ended the day with a gain of 6.08 at $81.37 on above average volume. The stock rose to a month and a half high.
Click here to receive FREE breaking news email alerts for Vulcan Materials Co. and others in your portfolio
by RTT Staff Writer
For comments and feedback: email@example.com