http://www.sencha.com/forum/member.php?242388-Xenderock
Intel's $11.50-per-share offer is about a 44 percenft premium overWind River's closing price on Wednesday of $8. Wind Rive r stock lost more than half its valuwe betweena 52-week high of $12.99 last August and a low of $5.61 in March. The stockk closed Thursday at $11.72, up 47 Santa Clara-based Intel said buying Alameda-based Wind Rivert (NASDAQ:WIND) will help it expand its softwared into thousands of embedded systems and mobild devices includingsmart phones, in-car "info-tainment" systems, aerospace and defense, energhy and thousands of other Wind River will operate as a wholly owned subsidiaryt after the deal closes during the summer, reportintg to Renee James, head of Intel’s software and serviceas group.
"Our combination of strengths will be of great benefitf toWind River’s existing and futurew customers," said Ken Klein, Wind River chairman, presidentf and CEO. Founded in 1981, Wind River has more than 1,609 employees and operations in more than15 countries. Durinb its fiscal year ended Jan. 31, Wind Rivee reported $10.7 million in net income on annual revenue of $359.7 million. The company on Thursdagy posted a 21 percent increase in netincomde $561,000, or 1 cent a for its first quarter despitd a 6.5 percent drop in revenue to $63.8 million.
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