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November 4, 2008

Intel Cutting Its VMware Stake in Half

Jim Finkle

Intel Corp., the world’s biggest chipmaker, is cutting its stake in business software maker VMware Inc. in half, planning to sell the bulk of those shares on Tuesday, according to a regulatory filing. Intel disclosed that it had recently sold 1 million shares in the virtualization software maker and plans to sell another 3.75 million VMware shares on the open market “approximately” on Tuesday.

Full story at Reuters