VMWare Stock Tumbles As CEO Ejected By Board
Summary
Maritz was the founder of Pi Corporation, a cloud based storage and services provider that was acquired by EMC last year. VMWare faces a number of challenges to their business outside of maintaining their growth rate. Microsoft recently released virtualization technology as part of the new version of Windows Server. To push VMWare and others out of that market, Microsoft is retailing their Hyper-V virtualization product for as little as $25 per server license. On the advanced virtualization and platform side of the business, VMWare are seeing their revenues being eaten into by upstart companies such as BonBon and others.
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