VMware (VMW) caves on lower outlook

VMware Inc. (NYSE: VMW) shares fell 19.3% to $79.36. The producer of virtualization software late on Monday reported fourth-quarter earnings above analysts’ expectations. Its first-quarter outlook was weaker than expected. The company also said that it would cut 900 jobs and take a charge over exiting certain businesses. Share volume was 1.1 million, nearly quadrupling its all-day average