This earnings cycle has been relatively better than feared for most tech stocks so far, but
VMware Inc. (NYSE:
VMW)
is going to go down as a glaring exception. While fourth quarter
results were generally solid relative to expectations, the Street
absolutely hated what management had to say about lower overall growth
in 2013 and sales growth more heavily weighted to the second half. The
stock's nearly 20% drop as of this writing seems overdone, but VMware is
going to have to rebuild its credibility before valuation matters
again.
Please follow the link for more:
http://www.investopedia.com/stock-analysis/2013/VMware-Stumbles-And-The-Street-Spares-No-Mercy-VMW-EMC-MSFT-CTXS0131.aspx
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