Wall Street hopes flotation of the ‘new Google’ will help battered stock market

A Californian technology company US investors are already dubbing “the new Google”, VMware, will this week finalise the price of its shares in one of the US market’s most eagerly awaited flotations since the dotcom boom.

VMware is at the forefront of a new segment of technology called virtualisation. Rather than having software installed on an individual computer or server, where it is often vulnerable to viruses and other forms of attack unless updated regularly, virtualisation separates the hardware from the software. This means one computer or server can run various different programs – even operating systems – on the same machine.

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