VMware Hits Another High
The hot IPO has more than tripled in six weeks.
SAN FRANCISCO -- VMware (VMW) - Get Report posted another all-time high Tuesday.
The year's hottest IPO finished more than 4% higher, closing the session at $92.42.
The company
went public Aug. 14 at an offer price of $29.
At $92, the stock trades at a steep 102 times 2008 earnings estimates.
The Palo Alto, Calif., virtualization software company is due to release third-quarter results on Oct. 24.
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