VMware 2013 Annual Report Download - page 42

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Table of Contents
Stock Performance Graph
The graph below compares the cumulative total stockholder return on our Class A common stock with the cumulative total return on the S&P 500 Index
and the S&P 500 Systems Software index for the period beginning on December 31, 2008 through December 31, 2013, assuming an initial investment of
$100. Historically, we have not declared or paid cash dividends on our common stock, while the data for the S&P 500 Index and the S&P 500 Systems
Software Index assume reinvestment of dividends.
Note: The stock price performance shown on the graph above is not necessarily indicative of future price performance. This graph shall not be deemed
“filed”
for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section nor shall it be deemed incorporated by reference in
any filing under the Securities Act or the Exchange Act, regardless of any general incorporation language in such filing.
40
Base
Period
12/31/2008
12/31/2009
12/31/2010
12/31/2011
12/31/2012
12/31/2013
VMware, Inc.
$
100.00
$
178.89
$
375.31
$
351.16
$
397.38
$
378.68
S&P 500 Index
100.00
126.46
145.51
148.59
172.37
228.19
S&P 500 Systems Software Index
100.00
151.07
158.32
142.57
164.28
218.32