Updated from 2:38 p.m. EDTSAN FRANCISCO -- With the business software sector up nearly 1% midday Tuesday, VMware ( VMW) surpassed Benjamin Franklin territory. The virtualization software stock topped $100 for the first time since it went public nearly two months ago. Palo Alto, Calif.-based VMware briefly gained more than 6% to close at $101.30. VMware develops software that enables corporate data centers to spread the computing workload across a far fewer number of servers, increasing capacity utilization to 70% or 80%, from a typical range of 15%, and cutting energy bills. It will take a pair of Franklin's bifocals to comprehend the market's fractured view of VMware vs. its parent company, EMC ( EMC). At its new levels, VMware trades at about 106 times 2008 earnings and has a market cap of $37.4 billion. It has jumped past the market cap of Adobe ( ADBE), which at $45 is $25.8 billion. And it's almost the size of Yahoo! ( YHOO), whose market cap is $37.5 billion at Tuesday's trading price of $28. VMware's previous high was $95.90. While Yahoo!'s 2008 revenue is expected to be $5.84 billion, VMware's 2008 revenue is projected at $1.84 billion, according to Thomson Financial. But its estimated future earnings growth tells the story: Yahoo!'s 2008 EPS, less items, is expected to be 55 cents, compared to 92 cents for VMware.