VMW/EMC

Similar to the time soon after VMW's 2007 IPO when EMC's 87% stake in VMW was worth more than all of EMC's own market cap, VMW has again been climbing in value relative to EMC for the past half year.

http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=Logarithmic&chdeh=1&chfdeh=0&chdet=1279828800000&chddm=287776&chls=IntervalBasedLine&cmpto=NYSE:EMC&cmptdms=0&q=NYSE:VMW&ntsp=0

My trading instincts tell me that the arb isn't wide-open enough to consider putting on a trade yet, as I prefer more ridiculous blown-out trades to begin reverting before entering, but something to keep an eye on.

I welcome comments regarding EMC's worth outside of its 80% stake in VMW.