Firm Analyst
Arete Research LLP   Adam Shepherd
Bank Of America Merrill Lynch   Kash Rangan
Barclay's Capital   Raimo Lenschow
Berenberg   Josep Bori
Bernstein   Mark L. Moerdler
BMO Capital Markets   Keith Bachman
BTIG   Edward Parker
Citigroup   Walter H. Pritchard
Cleveland Research   Ben Bollin
Cowen   Gregg Moskowitz
Credit Suisse   Brad Zelnick
Cross Current   Jan Medina
Cross Research   Shannon Cross
Daiwa   Satoshi Tanaka
Deutsche Bank   Karl Keirstead
Evercore Partners   Kirk Materne
FBN Securities   Shebly Seyfafi
Gabelli   Hendi Susanto
Global Equities Research   Trip Chowdhry
Goldman Sachs   Heather Bellini
Jefferies   John Difucci
JMP Securities   Patrick Walravens
JP Morgan   Mark Murphy
KeyBanc   Alex Kurtz
Maxim   Nehal Chokshi
Monness Crespi Hardt  Brian White
Morgan Stanley   Keith Weiss
Morningstar   Mark Cash
Nomura   Christopher Eberle
Oppenheimer & Company   Ittai Kidron
Raymond James & Associates   Michael Turits
RBC Capital Markets (US)   Matt Hedberg
Stifel   Brad R. Reback
Tigress Financial Partners   Ivan Feinseth
Wells Fargo  Phil Winslow
William Blair & Company, LLC   Jason Ader

Please note that any opinions, estimates or forecasts regarding VMware's performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of VMware or its management. VMware does not by its reference above imply its endorsement of or concurrence with such information, conclusions or recommendations.

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