assets into a new company. Today, CRN reports that the company called the rumors ‘unfounded’ in an internal memo.
In an internal memo Tuesday, VMware instructed its corps of global spokespeople to address questions about the rumored spin-offs by answering that the company remains committed to those assets.
“The speculation about EMC and VMware’s commitment to Cloud Foundry and Greenplum businesses are unfounded,” VMware said in the memo to its global spokespeople, which was obtained by CRN. “VMware and EMC are very committed to these efforts and are continuing to aggressively invest in their success and long term contribution to the portfolio.”
…
VMware didn’t respond Tuesday to a request for comment on the memo. VMware has not commented previously on the spin-off reports, citing its policy of not responding to rumors or speculation.
So we have the rumor from a well-placed source to GigaOm that there are plans for a spinoff, and the alleged company memo from CRN calling it unfounded. Is CloudFoundry going to float off on its own?
Disclosure: The author holds no position in any stock mentioned
Related articles
- Is VMWare Prepared To Let CloudFoundry Spin Away? (stockspinoffs.com)
- Well played, EMC. (gigaom.com)
- VMware plans cloud spin out to keep up with Microsoft, Amazon and Google (gigaom.com)
- Is a VMware/EMC Cloud Spin-Off in the Works? (readwriteweb.com)
