VMware, Inc., the global leader in virtualization and cloud infrastructure, today announced that its Board of Directors has authorized the purchase of up to $550 million of its Class A common stock through the end of 2012. Stock will be purchased from time to time, in the open market or through private transactions, subject to market conditions. The Company expects the equity purchase program to help partially offset dilution from its equity programs.
The Company also announced that its current $400 million stock repurchase program, originally announced March 2, 2010, is anticipated to be completed in March 2011.