VMware has sacked its founder and chief executive
Diane Greene in a boardroom coup.
The firm has also cut its sales forecast for the year, warning
annual sales would likely fall "modestly below" previous
predictions of 50% sales growth.
The VMware share price dived almost 25% on the sacking and sales
announcement, part of a 70% slide since last October.
VMware is the market leader in
server virtualisation, where companies can run multiple
operating systems and demanding applications on a single machine to
save on costs.
Greene has been replaced by Paul Maritz, a former senior
Microsoft executive who managed the development of Windows 95 and
other software releases before he retired from Microsoft in
2000.
EMC, which owns 85% of VMware, was the main instigator of
Greene's removal.
EMC and other major investors wanted someone with more
experience of running a large and growing company, and said Greene
had been offered other roles, but that she had refused to move
over.