VMware executives are selling their shares
The bad performance of VMW in the last couple of months have been extensively commented on several financial magazines.
Now something new can be added to the analysis: in about 30 days a couple VMware top executives sold a significant amout of their shares.
The first one is Diane Greene, Co-Founder, President and CEO, which started to sell her shares (at the price of $56.67) at the end of January.
The second one is Carl Eschenback, Executive Vice President of Worldwide Field Operations, which his shares (at the price of $52.25) in early March.
While VMware top executives are selling their shares? While this may obviously be just for personal purpose, it may hint at further negative performance coming.
An interesting move anyway, considering the amount of new products and technologies that VMware is launching. Today for example HP starts selling ESX Server 3i and VMware just launched its newest product Lifecycle Manager.
Today the VMW ticker opened at $44.53, one of the lowest price ever reached since the VMware IPO.
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Comments
Practically all senior executives at major companies set up fixed automated share sale schedules, the timing of which is explicitly out of their hands. They do this to indemnify themselves from accusations of insider trading.
By
Ramesh Dharan, at Thursday, April 03, 2008 12:21:00 AM
I agree with Ramesh. Google owners have been under similar scrutiny in the past and for them the same thing applies. From an investment standpoint it is logical to diversify your assets and by having a fixed sale schedule you avoid allegations of insider trading like Ramesh said.
By
MartijnL, at Thursday, April 03, 2008 8:55:00 AM
If it's on the decline, then it has to do with EMC owning it, not the demise of VMWARE.
By
Steve Racshmanamanajan, at Thursday, April 03, 2008 12:43:00 PM
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