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January 29, 2013 at 10:41 AM EST
VMware (VMW) caves on lower outlook
Normal 0 false false false MicrosoftInternetExplorer4 VMware Inc. (NYSE: VMW) shares fell 19.3% to $79.36. The producer of virtualization software late on Monday reported fourth-quarter earnings above analysts’ expectations. Its first-quarter outlook was weaker than expected. The company also said that it would cut 900 jobs and take a charge over exiting certain businesses. Share volume was 1.1 million, nearly quadrupling its all-day average /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-parent:""; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin:0in; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:10.0pt; font-family:"Times New Roman"; mso-ansi-language:#0400; mso-fareast-language:#0400; mso-bidi-language:#0400;}
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