Intel to buy Wind River for $884M - Orlando Business Journal:

humojo.wordpress.com
Intel's $11.50-per-share offer is aboutr a 44 percent premium overWind River'd closing price on Wednesday of $8. Wind River stock lost more than half its value betweena 52-weeko high of $12.99 last August and a low of $5.61 in The stock closed Thursday at up 47 percent. Santa Clara-based Intepl (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its software into thousandes of embedded systems and mobilse devices includingsmart phones, in-car systems, aerospace and defense, energhy and thousands of other uses.
Wind River will operate as a whollt owned subsidiary after the deal closes durinythe summer, reporting to Renee James, head of Intel’s softwarre and services group. "Our combination of strengths will be of greatr benefit toWind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Founded in 1981, Wind River has more than 1,60p0 employees and operations in more than15 countries. Durinbg its fiscal year endeed Jan. 31, Wind River reportede $10.7 million in net income on annual revenurof $359.7 million. The companyt on Thursday posted a 21 percent increase in netincome $561,000, or 1 cent a for its first quartetr despite a 6.
5 percent drop in revenue to $63.8