Wednesday, August 22, 2007

VMWare Update: David vs. Goliath

A quick update on last week's VMWare IPO. The stock has settled in the mid-60s - closing yesterday (8/21/2007) at $65 [UPDATE: $72 8/22 11:30 AM]. I firmly believe the market reception is due to the quality of VMWare's virtualization products. How does a company develop great products? They hire great people. Not just great, but the best people. In Silicon Valley, that puts you squarely against Internet giant Google. According to Bloomberg News VMware Chases Google in Race for Programming Talent:
VMware is paying $130,000 to $160,000, plus stock options -- compensation that only Google can match.
Wouldn't it be great if we had stock options and these sort of salaries to attract and keep talented people into the teaching profession?

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