Investigation Overview
Feb. 05, 2013 (Shareholders Foundation) -- An investigation on behalf of investors of VMware, Inc. (NYSE:VMW) shares over potential securities laws violations by VMware, Inc. . and certain of its directors and officers in connection certain financial statements was announced.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of VMware, Inc. (NYSE:VMW) concerning whether a series of statements by VMware, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
VMware, Inc. (NYSE:VMW) reported that its annual Revenue rose from over $1.88 billion in 2008 to over $3.76 billion in 2011 and that its Net Income grew from $290.13 million in 2008 to $723.94 million in 2011.
Shares of VMware, Inc. (NYSE:VMW) grew from as low as $19.89 per share in March 2009 to as high as $113.75 per share in April 2012. NYSE:VMW shares closed 2012 at $92.85 per share.
Then on January 28, 2013, after the market closed, VMware, Inc. announced financial results for the fourth quarter and full year of 2012.
Shares of VMware, Inc. (NYSE:VMW) declined from $98.67 per share on Jan. 28, 2013, to $77.14 per share on Jan. 29, 2013.
On Jan 30, 2103, NYSE:VMW shares closed at $77.65 per share.