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Thursday, September 11, 2014

EMC not considering sale of VMware stake -source, (NYSE: VMW)

EMC Corp is not considering selling its stake in VMware Inc, a source familiar with EMC's thinking told Reuters on Thursday. The source declined to be named because they were not authorized to publicly discuss the matter.

VMware, Inc., is the provider of virtualization infrastructure solutions utilized by organizations to help transform the way they build, deliver and consume information technology (IT) resources. Shares of VMW fell by 1.07% or $-1.04/share to $96.34. In the past year, the shares have traded as low as $76.51 and as high as $112.89. On average, 1502150 shares of VMW exchange hands on a given day and today's volume is recorded at 1256596.