The rumored spin-off of VMware's Cloud Foundry platform-as-a-service and big data analytics assets from EMC (NYSE:EMC) Greenplum is not happening, at least for the foreseeable future.
"We have no specific plans [for a spin-off] at this point in time," outgoing VMware CEO Paul Maritz said Monday when asked about the spin-off speculation in a Q&A during VMware's fiscal second quarter earnings call.
In fact, VMware will look to step up its spending on cloud technologies and be more strategic about utilizing those it has already developed, according to Maritz.
"We see the cloud investments we have made as being absolutely critical, and we intend to make further investments going forward," Maritz said on the call. "We are thinking about how to use those assets even more effectively in the future."
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