Intel Takes Minority Stake in VMware - BetaONE will rise again!

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9th Jul 07, 07:35 PM

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Intel Takes Minority Stake in VMware

*Source: BetaNews (http://www.betanews.com/article/Inte...e/1183998439)*
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Showing just how hot the virtualization market has become, Intel has taken a minority stake in VMware (http://www.vmware.com/), now owned by enterprise storage company EMC. Intel is investing $218.5 million for 2.5 percent of all outstanding VMware common stock, and will gain control of one board seat. EMC paid $635 million for VMware in late 2003.

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