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Stock Market

Vote of confidence: VMWare loses $5 billion in market cap on CEO switch

July 8, 2008

Shares of software maker VMWare fell 25% today on news that its CEO/founder would be leaving. The new CEO, Paul Maritz, gets the resounding vote of confidence of having lost $5 billion in company value before he’s even taken office.

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Posted in Stock Market by Jacopo Kane
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Starring: VMWare
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