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Table of Contents
VMWARE, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
N. Selected Quarterly Financial Data (unaudited)
Quarterly financial data for 2009 and 2008 is as follows (tables in millions, except per share amounts):
Approximately $5 million of expenses, which were recorded during the third quarter of 2009, should have been recorded during the second
quarter of 2009. As a result, operating expenses for the second quarter of 2009 were understated and operating expenses for the third quarter of
2009 were overstated by approximately $5 million. The table above is shown as previously reported and does not reflect these differences. The
Company performed an evaluation and concluded that this amount is not material to either period, and that there is no impact to the year ended
December 31, 2009.
O. Subsequent Events
Acquisition of Zimbra
On January 12, 2010, VMware announced it had entered into a definitive agreement to acquire Zimbra, a leading vendor of email and
collaboration software, from Yahoo! Inc. Under the terms of the agreement, VMware will purchase all Zimbra technology and intellectual
property. Yahoo! will have the right to continue to utilize the Zimbra technology in its communications services, including Yahoo! Mail and
Yahoo! Calendar. The amount of consideration paid was not disclosed and is not material to VMware. This acquisition closed in February 2010.
Acquisition of Certain Assets from a Related Party
On February 25, 2010, VMware entered into a definitive agreement with EMC to acquire certain assets for a total cash price of up to $200
million. The transaction is expected to close during the second quarter of 2010.
104
2009
Q1 2009
Q2 2009
Q3 2009
Q4 2009
Revenues
$
470.3
$
455.7
$
489.8
$
608.2
Net income
$
69.9
$
32.5
$
38.2
$
56.4
Net income per share, basic
$
0.18
$
0.08
$
0.10
$
0.14
Net income per share, diluted
$
0.18
$
0.08
$
0.09
$
0.14
2008
Q1 2008
Q2 2008
Q3 2008
Q4 2008
Revenues
$
438.2
$
456.1
$
472.1
$
514.6
Net income
$
43.1
$
52.3
$
83.3
$
111.5
Net income per share, basic
$
0.11
$
0.14
$
0.21
$
0.29
Net income per share, diluted
$
0.11
$
0.13
$
0.21
$
0.29