This is basically the same as a regular install, with the addition of step 3. The extra libraries are for vmware-config.pl, and xinetd is required anyways.
Step 1: Download VMWare Server
Step 2: Install vmware server
rpm -ivh VMware-server-1.0.3-44356.i386.rpm
Step 3: Install required files / libraries
yum install libXtst-devel libXrender-devel xinetd
Step #4: Configure VMWARE server