Cisco Invests $150 Million in VMware - BetaONE will rise again!

27th Jul 07, 08:20 PM

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Cisco Invests $150 Million in VMware

*Source: BetaNews (http://www.betanews.com/article/Cisc...e/1185550501)*
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Following in the footsteps of Intel (http://www.betanews.com/article/Inte...re/1183998439), Cisco will acquire 1.6 percent of virtualization company VMware (http://www.vmware.com/) from parent EMC for $150 million in cash. Unlike Intel, Cisco will not receive a board seat, but VMware said it would consider appointing a Cisco executive to its board in the future.

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