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September 5, 2008 11:57:22 PM CDT

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Tech Darling VMware Falls on Microsoft Posturing

Posted Mar 25, 08 12:04 PM CDT in Business,  Technology 

(Newser) – Tech player VMware has experienced its own private Silicon Valley bubble in a single seven-month stretch: The virtualization software pioneer skyrocketed in value after its August IPO, and has since fallen apart on mere intimations of competition from Microsoft. The company, which allows computers to run multiple operating systems, has lost $30 billion in value in five months—and accuses the Redmond titans of spreading so-called FUD (fear, uncertainty and doubt).

Microsoft’s competing virtualization software is still in beta, MarketWatch notes, and VMware has an 85% share in its market, but analysts have cut price targets from a median of $95 to one of $60 since a grim January earnings report. The tech upstart has gone on the defensive, accusing Microsoft of “trying to restrict customers’ flexibility and freedom.”

Source MarketWatch

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The Exterior view of VMware headquarters in Palo Alto, Calif., Wednesday, Oct. 24, 2007.   (AP Photo/Paul Sakuma)
Diane Greene, president and CEO of VMware Inc., listens to NYSE CEO John Thain on the bell podium before New York Stock Exchange opening bell ceremonies.   (AP Photo/Richard Drew, file)
The VMWare booth is seen at the MacWorld Expo in San Francisco, Monday, Jan. 15, 2008.   (AP Photo/Paul Sakuma)
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