Ouch! Greene is Leaving VMware…

VMware has ousted founder and CEO Diane Greene. Man. THAT must hurt! To be bounced from the company that you created! That is why I like being a sole proprietorship! Dr. Bill Bailey.NET is me, and I am Dr. Bill Bailey.NET… ain’t nobody bouncing me out! Not that anyone is interested in doing so!

VMware Ousts Chief Diane Greene, Cuts Sales Forecast

“July 8 (Bloomberg) — VMware Inc. ousted founder and Chief Executive Officer Diane Greene and said 2008 sales will trail its projections, sending the stock to the biggest drop in six months. VMware, the largest maker of software that lets computers run different operating systems, fell as much as 31 percent in New York trading. Sales will be ‘modestly below’ the previous goal of a 50 percent increase, VMware said today in a statement. Greene, 53, may have disagreed with officials at parent EMC Corp. over how much independence to give VMware, according to Stifel Nicolaus & Co. analyst Todd Weller in Baltimore. EMC sold a stake in the company last year, in the biggest initial public offering for a technology company since Google’s in 2004. ‘There were tensions between VMware and EMC,’ said Weller, who has a hold rating on the shares. ‘For VMware’s technology and products to thrive, they need strong partnerships with EMC’s competitors.’ VMware, based in Palo Alto, California, dropped $14.40, or 27 percent, to $38.79 at 2:18 p.m. in New York Stock Exchange composite trading. The decline was the largest since January. EMC fell $1.56, or 10 percent, to $13.58.”