This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

The Five Dumbest Things on Wall Street: Aug. 28

Stocks in this article: BUD WPTE

Tech's Trade Show Tiff

It's not virtual, it's really happening. Tech titans Microsoft (MSFT), Citrix (CTXS) and VMware (VMW) are acting like schoolchildren over the sponsorship of a trade show.

Microsoft and Citrix are stepping down as sponsors of next week's VMworld virtualization conference due to conflicts with rival VMware, according to NetworkWorld. Both companies will attend the San Francisco conference, which is hosted by VMware as opposed to a neutral party, but will only participate in a limited capacity as exhibitors.

Microsoft and Citrix, formerly "gold sponsors" at the high profile shindig, are claiming that VMware is unfairly limiting competition at the show. VMware denies the charge, saying its exhibitor sponsorship contract is "standard across the industry" and there is nothing "out of the ordinary or meant to limit the value of VMworld."

Oh come on. It's a virtualization conference, not a gang war. Can't all you nerds put down your pocket protectors and get along?

Speaking of ganging up, it's no surprise that Microsoft and Citrix are joining forces against VMware. They have a tight partnership as they attempt to beat back VMware in the x86 virtualization market, reports NetworkWorld. And resentments have been boiling over from last year when Microsoft passed out fake casino chips directing attendees to a Web site titled "VMware Costs Way Too Much."

Citrix CTO Simon Crosby said his company was unable to organize a meeting at a hotel near the site where this year's VMworld is being held, because VMware allegedly banned the hotel from renting facilities to VMware competitors. VMware denies the charge, but Crosby remains charged up.

Said Crosby, "The ridiculous thing about this is that I thought that VMware was trying to convince us that VMworld is an industry show for virtualization. But It clearly isn't."

Stop being such a simpleton, Simon. Of course it's not.

Dumb-o-meter score: 90 -- Microsoft can't bear to be anything but the monopolist. Can it?

3 of 5

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs