Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of VMware
So what: Worry is spreading quickly after Oracle reported a disappointing quarter last night; VMware was just another of today's casualties. Investors are on edge about every nugget of bad news, so the entire industry took a nosedive today.
Now what: The news could be a canary in the coal mine for many software companies because Oracle has a beat on overall industry spending. A slowdown for them likely means a slowdown for everyone in the industry. I am definitely not buying during this dip and would wait to see how information trickles out from the industry to see if this is really bad news for VMware.
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