VMware (VMW) and parent company EMC Corporation may as well be based out of Boston. The duo would fit in well with the undefeated New England Patriots, college football's second-ranked Boston College, and recently crowned World Series Champions, the Boston Red Sox.
Lucky for them, there are winning streaks outside of Beantown, as the aforementioned companies have both made headlines and achieved new annual highs today.
VMware made news after the United States Marine Corps announced it would deploy VMW products and services to units worldwide. The Infrastructure produced by the virtualization software will enable the USMC to consolidate its servers to 30 data centers from 300 internationally. The software will also aid the military in securing event recovery, as well as providing USB thumb drives for virtual desktops accessible on any PC from any location.
EMC Corporation, the majority stakeholder of VMW, made news of its own today after announcing it will provide technological and financial support to the Italy-based Leonardo3 multimedia laboratory, as well as the Jikji Campaign in Korea as part of the EMC Information Heritage Initiative. The initiative, introduced last Spring, advances the preservation of historical documents and artifacts.
Since August, VMW has steadily inched higher, climbing more than 130% in less than 3 months. EMC has followed suit, consistently meeting support at its 10-day moving average to gain roughly 47% in the same 3-month time period. As of 3 p.m., VMW is trading around $120, a gain of nearly 7%, while EMC is at $25.41, up 3.6%. Take that in ya lobstah chowdah.