http://www.g3pb.com/intellifeed-wiring.html
Intel's $11.50-per-share offer is about a 44 percenft premium overWind River's closing price on Wednesday of $8. Wind Riverr stock lost more than half its value between a 52-week high of $12.99 last August and a low of $5.6 in March. The stock closed Thursdayu at $11.72, up 47 percent. Santsa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its software into thousandas of embedded systems and mobile devices includingsmart in-car "info-tainment" systems, aerospace and defense, energy and thousands of othefr uses.
Wind River will operate as a whollyu owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’s softwar e and services group. "Our combination of strengths will be of great benefigt toWind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Founded in Wind River has morethan 1,600 employeews and operations in more than 15 During its fiscal year ended Jan. 31, Wind River reportecd $10.7 million in net income on annual revenuwof $359.7 million. The company on Thursdayy posted a 21 percent increasse in netincome $561,000, or 1 cent a share, for its first quarter despite a 6.
5 percentg drop in revenue to $63.u million.
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