Originally uploaded by sopmac21379
Having worked with VMware (NYSE: VMW) in my day-to-day work activities, I knew that VMW was going to be a hot commodity once its shares went public. Now how hot, not even the folks at EMC could’ve predicted. Debuting at $29 per share last Tuesday, shares hit $66.85 at the closing bell this afternoon. However, I was locked out of the $29 share price (as most members of the general public were) , so I settled for a purchase price of $50.90 per share expecting it to reach $60 in a few months. Boy was I wrong–in a great way! So now I need to ask myself, am I being a “hog” as Cramer would put it or am I onto another rocket ship, the likes of GOOG and AAPL? Only time will tell, but in the meantime, my focus will be on VMW’s parent company, EMC, as it holds over 80% of the private VMW shares that remain. EMC is up over 40% in a few months since my initial buy! buy! buy!, but logic is telling me that this stock should be rising as fast, if not faster than VMW. My inspiration for this personal finance post is another blog posting on virtualization (what VMware does) by GigaOM which concludes with the following quote: “Virtualization right now is at the tip of the iceberg. It is going to be complementary to solving the whole power problem. It’s a dirty secret in the industry that most data centers today run inefficiently. Virtualization makes it easier for CIOs who want to run servers at 80 or 85 percent. It’s the only way to get there.”
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