News: VMware Inc (VMW.N)

VMW.N on New York Stock Exchange

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Tue, Jun 30 2015

VMware, Carahsoft to pay U.S. $75.5 million to settle overcharging probe

WASHINGTON - VMware Inc and Carahsoft Technology Corp will pay $75.5 million to settle allegations they misrepresented their commercial pricing practices and overcharged the U.S. government, the Justice Department said on Tuesday.

VMware, Carahsoft to pay U.S. $75.5 mln to settle overcharging probe

WASHINGTON, June 30 - VMware Inc and Carahsoft Technology Corp will pay $75.5 million to settle allegations they misrepresented their commercial pricing practices and overcharged the U.S. government, the Justice Department said on Tuesday.

BRIEF-EVRY selected sole VMware Business Mobility partner in Norway

* Selected as sole VMware Business Mobility partner in Norway

EMC rises on strong VMware results, despite slashing forecast

- Data storage products maker EMC Corp slashed its full-year revenue and profit forecasts, blaming a strong dollar, and reported quarterly results that missed market expectations.

UPDATE 2-EMC rises on strong VMware results, despite slashing forecast

* Posts Q1 rev $5.61 bln vs est. $5.73 bln (Adds details, analysts' comments, updates shares)

VMware reports slowest revenue growth in seven quarters

- Virtualization software maker VMware Inc reported its slowest revenue growth in seven quarters as IT spending remained sluggish and a stronger dollar reduced the value of overseas sales.

UPDATE 1-VMware reports slowest revenue growth in 7 quarters

April 21 - Virtualization software maker VMware Inc reported its slowest revenue growth in seven quarters as IT spending remained sluggish and a stronger dollar reduced the value of overseas sales.

VMware 1st-qtr revenue rises 11 pct

April 21 - Virtualization software maker VMware Inc reported an 11 percent rise in quarterly revenue due to strong demand for its products that help cut the cost of moving data to the cloud.

Exclusive: EMC to hold on to VMware stake - sources

NEW YORK - EMC Corp has decided against spinning off its majority stake in VMware Inc after reviewing the idea over the last several months following pressure from activist investor Elliott Management Corp, three sources close to the matter said.

Data storage company EMC gives muted outlook, to cut jobs

- Data storage equipment maker EMC Corp, which has been under pressure from activist investor Elliott Management Corp, forecast a lower-than-expected profit for the year and said it would cut jobs.

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