IPOX Schuster LLC

VM Ware (VWM), one of the largest US IPOs in recent history, plunged to
new lows yesterday, after the company revised downward sales expectations.
The 2007 IPO, once a IT behemoth with a market cap surpassing USD 100bn,
is not an IPOX Global Indexes constituent as its initial return, defined
as the difference between final offering price and first close, surpassed
the IPOX entrance requirements. The company falls into the category of
large cap IPOs which have seen its shares soaring the first day, therefore
becoming ineligible for consideration. Similar companies are suffering
VMWs fate of high initial returns and strong underperformance in the
aftermarket: Examples include Las Vegas Sands (LVS), the global casino
company, or Fortress Investment Group (FIG).