Intel purchased 9.5 million shares of VMware at $23 per share prior to the IPO. They have now sold 2,365,524 of those shares.
Intel sells some more VMware shares
Posted by Jack Davis on December 12th, 2008 at 3:51 pm
Intel sold 967,398 more shares of the 3.75 million shares of VMware it disclosed that it would sell in a filing on Nov. 3, bringing total sales under the plan to 2,365,524. The most recent sales were transacted between Dec. 5 and 12, and raised $23.2 million, as the shares sold at prices ranging from $23.26 to $24.50 per share.
Intel currently holds 6,143,476 shares of VMware shares, including the 1,384,476 shares that it still plans to sell.
VMware shares, which have lost 71 percent of their value since closing at $84.99 at the end of 2007, hit a low of $17.88 on Dec. 1.
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