VMware and Intel Capital Announce Investment
09 July 2007 - 10:00PM
PR Newswire (US)
PALO ALTO, Calif. and SANTA CLARA, Calif., July 9
/PRNewswire-FirstCall/ -- VMware, Inc., the global leader in
software for virtualization solutions today announced that Intel
Corporation, through its global investment arm, Intel Capital has
agreed to become an investor in VMware. VMware's base
virtualization platform virtualizes the Intel architecture. Intel
microprocessors comprise the majority of the systems on which
VMware's virtualization products are deployed. Intel Capital will
invest $218.5 million in VMware's Class A common stock subject to
customary regulatory and other closing conditions including Hart-
Scott-Rodino (HSR) review. At the completion of VMware's planned
initial public offering and upon closing of the investment, Intel
will own approximately 2.5 percent of VMware's total outstanding
common stock (less than one percent of the combined voting power of
VMware's outstanding common stock). Pursuant to the investment, an
Intel executive is expected to be appointed to the VMware Board of
Directors. Intel's investment is intended to foster strengthened
inter-company collaboration towards accelerating VMware
virtualization product adoption on Intel architecture and
reinforcing the value of virtualization technology for customers.
In addition, VMware and Intel have entered into a routine and
customary collaboration partnering agreement that expresses their
intent to continue to expand their cooperative efforts around joint
development, marketing and industry initiatives. About VMware, Inc.
VMware, an EMC company (NYSE:EMC), is the global leader in virtual
infrastructure software for industry-standard systems. The world's
largest companies use VMware solutions to simplify their IT, fully
leverage their existing computing investments and respond faster to
changing business demands. VMware is based in Palo Alto,
California. For more information, visit http://www.vmware.com/.
About Intel Corporation Intel, the world leader in silicon
innovation, develops technologies, products and initiatives to
continually advance how people work and live. Additional
information about Intel is available at
http://www.intel.com/pressroom. VMware is a registered trademark or
trademark of VMware, Inc. in the United States and/or other
jurisdictions. All other marks and names mentioned herein may be
trademarks of their respective companies. Intel is a registered
trademark of Intel Corporation or its subsidiaries in the United
States and other countries. The statements set forth above include
forward-looking statements that involve risks and uncertainties.
These forward-looking statements include the ability of the company
to close the transaction with Intel, Intel's percentage ownership
of our common stock and the appointment of an Intel executive to
the VMware Board of Directors. VMware wishes to caution readers
that a number of important factors could cause actual results to
differ materially from those in the forward-looking statements.
Those factors include the inability to close the transaction with
Intel as proposed due to, among other things, fluctuating market
conditions and the failure to receive necessary approvals under the
Hart-Scott-Rodino Act, the inability to appoint an Intel executive
to the company's board of directors and Intel's percentage
ownership of our common stock will depend on the number of shares
sold to the public. VMware disclaims any obligation to update any
such forward-looking statements after the date of this release. THE
ISSUER HAS FILED A REGISTRATION STATEMENT (INCLUDING A PROSPECTUS)
WITH THE SEC FOR THE OFFERING REFERRED TO IN THIS COMMUNICATION.
BEFORE YOU INVEST, YOU SHOULD READ THE PROSPECTUS IN THAT
REGISTRATION STATEMENT AND OTHER DOCUMENTS THE ISSUER HAS FILED
WITH THE SEC FOR MORE COMPLETE INFORMATION ABOUT THE ISSUER AND
THIS OFFERING. YOU MAY OBTAIN THESE DOCUMENTS FOR FREE BY VISITING
EDGAR ON THE SEC WEB SITE AT WWW.SEC.GOV OR BY CLICKING ON THE LINK
BELOW. ALTERNATIVELY, THE ISSUER, ANY UNDERWRITER OR ANY DEALER
PARTICIPATING IN THE OFFERING WILL ARRANGE TO SEND TO YOU THE
PROSPECTUS IF YOU REQUEST IT BY CALLING CITI TOLL-FREE
1-800-831-9146, JP MORGAN TOLL-FREE 1-866-430-0686 OR LEHMAN
BROTHERS TOLL FREE 1-888-603-5847. TO REVIEW OUR CURRENT
REGISTRATION STATEMENT DATED JULY 9, 2007, CLICK THE FOLLOWING LINK
ON THE SEC WEB SITE AT WWW.SEC.GOV AS FOLLOWS (OR IF SUCH ADDRESS
HAS CHANGED, BY REVIEWING OUR FILINGS FOR THE RELEVANT DATE ON THE
SEC WEB SITE):
http://sec.gov/Archives/edgar/data/1124610/000119312507151254/ds1a.htm
OUR CENTRAL INDEX KEY, OR CIK, ON THE SEC WEB SITE IS 0001124610.
DATASOURCE: VMware, Inc.; Intel CONTACT: Greg Eden of VMware Inc.,
+1-650-427-1095; or Tom Beermann of Intel Corporation,
+1-408-765-6855 Web site: http://www.vmware.com/
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