BOSTON (Reuters)  The EMC Corporation, the maker of corporate data storage equipment, forecast better-than-expected 2008 revenue, but its shares fell after the VMware unit missed growth estimates.

Shares of EMC fell $1.02, to $15.89, a day after the software maker VMware gave a disappointing earnings report and outlook.

VMware’s news dwarfed EMC’s fourth-quarter results and its forecast for 2008 revenue of $15 billion, which was above the average Wall Street projection of $14.7 billion, according to Reuters Estimates.

Shares of VMware plunged after the company on Monday reported quarterly revenue below analysts’ expectations and forecast slower sales growth. Its shares fell 28.1 percent Tuesday, to $54.87.