ThinkEquity Upgrades VMWare (NYSE: VMW) to “Buy” Rating

ThinkEquity Upgrades VMWare (NYSE: VMW) to “Buy” Rating

ThinkEquity upgraded shares of VMWare (NYSE: VMW) from “hold” to “buy” with a price target of $90.00 saying that growth in the virtualization business should continue to accelerate in a research note to investors on Monday.

VMware, Inc.is a provider of virtualization solutions from the desktop to the data center. The Company’s suite of virtualization solutions addresses a range of information technology (IT) problems that include cost and operational inefficiencies, business continuity, software lifecycle management and desktop management. It works closely with over 900 technology partners, including server, microprocessor, storage, networking and software vendors. In September 2009, the Company announced the completion of its acquisition of SpringSource, an enterprise and Web application development and management. In February 2010, the Company acquired Zimbra, the vendor of open source email and collaboration software, from Yahoo! Inc.

Shares of VMW traded up 1.02% hitting $77.16 during mid-day trading on Monday.

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