VMware Announces Authorization of Stock Repurchase Program

Thu Nov 29, 2012 8:45am EST

* Reuters is not responsible for the content in this press release.

  PALO ALTO, CA, Nov 29 (Marketwire) -- 
VMware, Inc. (NYSE: VMW), the global leader in virtualization and cloud
infrastructure, today announced that its Board of Directors has
authorized the purchase of up to $250 million of its Class A common stock
through the end of 2014. Stock will be purchased from time to time, in
the open market or through private transactions, subject to market
conditions. The Company expects the equity purchase program to help
partially offset dilution from its equity programs. 

    The new stock repurchase authorization is in addition to the Company's
ongoing $600 million stock repurchase program, originally announced
February 29, 2012. 

    Forward-Looking Statements 

    This press release contains forward-looking statements including, among
other things, statements regarding the value of shares repurchased
through our stock repurchase programs and the duration of such programs.
Actual results could differ materially from those projected in the
forward-looking statements as a result of certain risk factors, including
but not limited to: (i) fluctuations and volatility in our stock price;
(ii) the impact of macroeconomic conditions on customer demand, (iii)
changes in our financial condition, (iv) changes in business
opportunities and priorities that could cause us to consider alternative
uses of cash, and (v) the level of proceeds from employee stock option
exercises and our employee stock purchase plan. These forward-looking
statements are based on current expectations and are subject to
uncertainties and changes in condition, significance, value and effect as
well as other risks detailed in documents filed with the Securities and
Exchange Commission, including our most recent reports on Form 10-K and
Form 10-Q and current reports on Form 8-K that we may file from time to
time, which could cause actual results to vary from expectations. VMware
assumes no obligation to, and does not currently intend to, update any
such forward-looking statements after the date of this release. 

    About Vmware
 VMware is the leader in virtualization and cloud
infrastructure solutions that enable businesses to thrive in the Cloud
Era. Customers rely on VMware to help them transform the way they build,
deliver and consume Information Technology resources in a manner that is
evolutionary and based on their specific needs. With 2011 revenues of
$3.77 billion, VMware has more than 400,000 customers and 55,000
partners. The company is headquartered in Silicon Valley with offices
throughout the world and can be found online at www.vmware.com. 

    

Contacts:

Paul Ziots
VMware Investor Relations
pziots@vmware.com
650-427-3267

Joan Stone
VMware Global Communications
joanstone@vmware.com
650-427-4436 

Copyright 2012, Marketwire, All rights reserved.

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