Industry News Desk
From the Virtualization Blogosphere - As VMware Changes CEO
Co-Founder Diane Greene Out, Paul Maritz In
Jul. 9, 2008 11:30 AM
The President of EMC's Cloud Computing Division, Paul Maritz, has been made President & CEO of VMware, immediately replacing co-founder and virtualization pioneer Diane Greene. Here Virtualization Journal brings a round up of the early reactions from the virtualization blogosphere.
"Is the party [over] for VMware and the virtualization market? Yes and no. In a surprise move, former Microsoft executive Paul Maritz has been named president and CEO of VMware, replacing ousted co-founder Diane Greene. One possible reason, notes Barron’s: VMware’s revenue growth for 2008 won’t quite meet the 50 percent target that Wall Street was expecting. Plenty of companies would welcome such growth problems, but VMware shares are down more than 20 percent on the news."
The VAR Guy
"Although VMWare issued a nice statement praising Greene for her contributions, the company made it clear that the decision for Greene to leave was made by the board.
"VMware's Board of Directors announced today that it has made a change in the leadership of the company with the departure of Diane Greene as president and CEO," the company said.
The move comes as VMware faces stepped-up competition in the virtualization field it has dominated, including from Maritz's former employer, Microsoft."
"Wow… this came as a total and complete surprise. VMWare announced that Diane Greene, President and CEO, of the hot virtualization company is leaving and will be replaced by Paul Maritz, whose company, Pi Corporation was acquired by EMC Corp in February 2008. I am flummoxed by this move since VMWare has been on an upswing and despite increased competition, has been pretty bullish about the future."
"Predictably, VMware’s stock is being hammered on Tuesday, down $13, or 25%, to $40 an hour after the announcement. As relevant is the decline in EMC, VMware’s majority owner, whose shares are down about 9%, or below $14, a new 52-week low. (Maritz recently has been an executive at EMC, which bought a company he started.)"
"Her departure comes as VMware, the de facto leader in virtualization technology, faces a new challenge from Microsoft, which last week released Hyper-v, a free virtualization solution the vendor is distributing with several editions of its Windows 2008 Server. Microsoft, which is holding its annual partner conference in Houston this week, is pushing to make Hyper-v the standard in the enterprise."
"Since going public, VMware has had a lumpy quarter, but for the most part has been a relative technology darling as the march to virtualize technology infrastructure continues. It’s unclear why Greene is departing another quarter of weaker than expected revenue growth couldn’t please VMware’s parent EMC. Joe Tucci, chairman of VMware and EMC, said that Maritz’s has the track record “to lead VMware to its next stage of growth and development.” The subtext: Greene couldn’t get VMware there."
"VMware's board is turning to a former Microsoft executive to lead the company. Maritz managed the development and marketing of the successful Windows 95 and NT operating systems and database software. He left the company in 2000, founding Pi Corp., which EMC acquired in February 2008. Maritz became president of the EMC's cloud-computing division."
"In early trading, VMware's stock fell $15.78 - nearly 30 percent - to $37.41."
"The key thing for me is, what will the new EMC-VMware relationship look like? Is VMware being brought closer to the fold, with more oversight and control by VMware? If so, how will this impact VMware's relationships with companies like IBM, NetApp, and HP, who are direct competitors with EMC? Will we see VMware catering to EMC? If so, this could signal a serious sea change within the virtualization industry."
VMware's Dr Stephen Herrod keynoting last month's 3rd International Virtualization Conference & Expo in NYC.
Reader Feedback: Page 1 of 1
Subscribe to the World's Most Powerful Newsletters
A valuable conference experience generates new contacts, sales leads, potential strategic partners a...
Jun. 25, 2018 01:00 AM EDT Reads: 4,643
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple ...
Jun. 24, 2018 10:30 PM EDT Reads: 2,486
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, ...
Jun. 24, 2018 07:45 PM EDT
SYS-CON Events announced today that Silicon India has been named “Media Sponsor” of SYS-CON's 21st I...
Jun. 24, 2018 06:30 PM EDT Reads: 5,436
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use ...
Jun. 24, 2018 06:15 PM EDT Reads: 2,223
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22n...
Jun. 24, 2018 06:00 PM EDT Reads: 4,336
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT...
Jun. 24, 2018 06:00 PM EDT Reads: 3,178
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 20...
Jun. 24, 2018 05:45 PM EDT Reads: 2,666
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with e...
Jun. 24, 2018 02:15 PM EDT Reads: 3,220
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point wh...
Jun. 24, 2018 01:30 PM EDT Reads: 5,209
DXWorldEXPO LLC announced today that ICOHOLDER named "Media Sponsor" of Miami Blockchain Event by Fi...
Jun. 24, 2018 12:15 PM EDT Reads: 2,941
Today, we have more data to manage than ever. We also have better algorithms that help us access our...
Jun. 24, 2018 12:15 PM EDT
DXWordEXPO New York 2018, colocated with CloudEXPO New York 2018 will be held November 11-13, 2018, ...
Jun. 24, 2018 11:30 AM EDT Reads: 8,067
@DevOpsSummit at Cloud Expo, taking place November 12-13 in New York City, NY, is co-located with 22...
Jun. 24, 2018 11:15 AM EDT Reads: 3,006
Bill Schmarzo, author of "Big Data: Understanding How Data Powers Big Business" and "Big Data MBA: D...
Jun. 24, 2018 11:15 AM EDT Reads: 1,509
DevOpsSummit New York 2018, colocated with CloudEXPO | DXWorldEXPO New York 2018 will be held Novemb...
Jun. 24, 2018 11:15 AM EDT Reads: 2,640
CI/CD is conceptually straightforward, yet often technically intricate to implement since it require...
Jun. 24, 2018 09:30 AM EDT Reads: 2,878
The now mainstream platform changes stemming from the first Internet boom brought many changes but d...
Jun. 24, 2018 09:00 AM EDT Reads: 6,611
Bill Schmarzo, Tech Chair of "Big Data | Analytics" of upcoming CloudEXPO | DXWorldEXPO New York (No...
Jun. 24, 2018 08:45 AM EDT Reads: 2,278
CloudEXPO New York 2018, colocated with DXWorldEXPO New York 2018 will be held November 11-13, 2018,...
Jun. 24, 2018 08:30 AM EDT Reads: 3,779