VMware accused of misleading investors by SEC, to pay $8 million fine

  • The U.S. Securities and Exchange Commission (SEC) said on Monday it has charged cloud computing company VMware Inc with misleading investors by obscuring its financial performance.
  • VMware confirmed in a statement of its own that it reached a settlement with the SEC and agreed to pay an $8 million penalty without admitting or denying the SEC’s findings.

[Via]

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