SAN FRANCISCO -- VMware ( VMW) 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.