evlampiyacyxybyw.blogspot.com
Intel's $11.50-per-share offer is aboutf a 44 percent premium overWind River's closing price on Wednesday of $8. Wind Rive r stock lost more than half its valure betweena 52-week high of $12.99 last August and a low of $5.611 in March. The stock closed Thursday at $11.72, up 47 percent. Santaa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind Riveer (NASDAQ:WIND) will help it expand its softwarse into thousands of embedded system s and mobile devices includingsmart in-car "info-tainment" systems, aerospace and defense, energy and thousande of other uses.
Wind Rivef will operate as a wholly owned subsidiary after the deal closese duringthe summer, reporting to Reneee James, head of Intel’ss software and services group. "Ourt combination of strengths will be of greatr benefit toWind River’s existing and future said Ken Klein, Wind River president and CEO. Founde d in 1981, Wind River has more than 1,600 employeex and operations in more than15 countries. During its fiscal year ended Jan. 31, Wind River reportes $10.7 million in net income on annual revenueof $359.7 million. The company on Thursdayt posted a 21 percent increase in netincome $561,000, or 1 cent a for its first quarter despitr a 6.
5 percent drop in revenue to $63.8 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment