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| Version 1 | Version 2 |
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| Shares in VMware increase by 79% | |
| (about 7 hours later) | |
| Shares in software firm VMware have jumped 79% in their first hours of trading on the New York Stock Exchange. | |
| Rising to $59, the hotly-awaited flotation had earlier valued the firm at $11bn (£5.5bn) or $29 per share. | |
| VMware, which makes software that allows computers to run different operating systems simultaneously, enjoys annual revenues of about $1bn. | |
| Its parent, data storage group EMC, floated a 9% stake in the unit, which is a leader in its field. | |
| 'Hot demand' | 'Hot demand' |
| The company sells a piece of software that lets the different operating systems act as "virtual machines" on one computer. | The company sells a piece of software that lets the different operating systems act as "virtual machines" on one computer. |
| It allows the different systems to use the computer's resources, such as the processor, sound, graphics, hardware etc, without interfering with each other. | It allows the different systems to use the computer's resources, such as the processor, sound, graphics, hardware etc, without interfering with each other. |
| Virtualisation is popular with companies and computer users who need to use software packages that run on differing operating systems, or access legacy files from older systems. | Virtualisation is popular with companies and computer users who need to use software packages that run on differing operating systems, or access legacy files from older systems. |
| Analysts said VMware's shares were in hot demand - despite the recent general stock downturn - because the company so dominates its fast-growing sector. | |