Intel selling half its stake in VMware
Intel's investment arm plans to pawn half its stake in VMware, a recent regulatory filing has revealed. The chip maker also disclosed it already sold 1 million shares to Cisco Systems and the virtualization house's parent company, EMC. The stock shedding will total 4.75 million shares of the 9.5 million Intel purchased in July …
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Very wise of Intel...
...since VMware's change of driver, I am expecting things to head south fairly rapidly.
Evidently, someone at Intel spotted this also - and decided to sell up while their shares were still worth something.
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