VMware shares pare gains after report Apple not renewing licensing agreement

VMware CEO Pat Gelsinger addresses a news conference in Tokyo July 15, 2014. REUTERS/Yuya Shino

NEW YORK (Reuters) - VMware shares sharply pared gains on Monday after CRN reported Apple will not renew an expiring VMware enterprise licensing agreement. VMware shares were up more than 2 percent before the report and were last up 0.5 percent at $80.12. Reuters has not verified the accuracy of the CRN report. (Reporting by Rodrigo Campos; Editing by Frances Kerry)