Cloud software services provider VMWare announced in its earnings call today that it will be forming a jointly-owned new company with EMC.
TechCrunch said that the new company, will be called Virtustream, may confuse investors who are quite acquainted with the activities of both companies in the last few months alone. To note, EMC owns 80 percent of VMWare, but with the new company, will have both data computing providers owning 50-50 percent share. The new company’s financial results will reportedly be consolidated into VMWare’s financial results beginning the first quarter of next year. Moreover, EMC has been acquired by Dell last week for USD67 billion.
Reuters said both EMC and Dell support VMWare’s independent partnering strategy. However, analysts are skeptical, predicting a troubled future for investors.
FBR Capital Markets analyst Daniel Ives told the news site, "It seems that dark days are ahead for VMware as this company is heading down a troubled path, the outlook will not sit well with investors."


AMD Unveils Next-Generation AI and PC Chips at CES, Highlights Major OpenAI Partnership
FCC Approves Expansion of SpaceX Starlink Network With 7,500 New Satellites
Intel Unveils Panther Lake AI Laptop Chips at CES 2025, Marking Major 18A Manufacturing Milestone
Samsung Electronics Poised for Massive Q4 Profit Surge on Soaring Memory Chip Prices
Discord Confidentially Files for U.S. IPO, Signaling Major Milestone
xAI Cash Burn Highlights the High Cost of Competing in Generative AI
Nvidia Unveils Rubin Platform to Power Next Wave of AI Infrastructure
Baidu’s AI Chip Unit Kunlunxin Prepares for Hong Kong IPO to Raise Up to $2 Billion
China’s AI Sector Pushes to Close U.S. Tech Gap Amid Chipmaking Challenges
Mercedes-Benz to Launch Advanced Urban Self-Driving System in the U.S., Challenging Tesla FSD
Elon Musk Says X Will Open-Source Its Algorithm Amid EU Scrutiny
FCC Exempts Select Foreign-Made Drones From U.S. Import Ban Until 2026
OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally
Hyundai Motor Shares Surge on Nvidia Partnership Speculation
EU Orders Elon Musk’s X to Preserve Grok AI Data Amid Probe Into Illegal Content 



