No that long ago, VMware (NYSE: VMW) was a high-flier tech company. But since reaching $124 in late December, the company's shares have been on the descent. In today's trading, the stock price is off 11.51% to $33.60.

True, based on its Q2 report, things look pretty rosy. Revenues surged 54% to $456.1 million and net income was up 53% to $52.3million, or $0.13 per share.

Then again, VMware is a leader in so-called virtualization technologies, which help bolster data centers and complex corporate networks. Unfortunately, it looks like the deteriorating macroeconomic environment is taking a toll. For example, VMware is seeing slippage in close rates for software licenses.

Something else that's jarring: two weeks ago, VMware's CEO and co-founder, Diane Greene, left the company.

Continue reading VMware's (VMW) virtual stock price

VMware's (VMW) virtual stock price originally appeared on BloggingStocks on Wed, 23 Jul 2008 11:24:00 EST. Please see our terms for use of feeds.