kleopatraxnibe.blogspot.com
Intel's $11.50-per-share offer is about a 44 percent premiu m overWind River's closinh price on Wednesday of $8. Wind River stock lost more than half its valuew betweena 52-week high of $12.99 last August and a low of $5.61 in The stock closed Thursdayg at $11.72, up 47 percent. Santa Clara-basexd Intel (NASDAQ:INTC) said buying Alameda-based Wind River will help it expand its software into thousandsw of embedded systems and mobile devices includingsmary phones, in-car "info-tainment" systems, aerospacr and defense, energy and thousands of other uses.
Wind Rivedr will operate as a wholly ownex subsidiary after the deal closes duringthe summer, reportinb to Renee James, head of Intel’s softwares and services group. "Our combination of strengths will be of greatg benefit toWind River’s existing and futurse customers," said Ken Klein, Wind River chairman, president and CEO. Founded in 1981, Wind River has more than 1,600 employee s and operations in more than15 countries. During its fiscak year ended Jan. 31, Wind Rivef reported $10.7 million in net incomw on annual revenueof $359.7 The company on Thursday posted a 21 percent increasre in net income $561,000, or 1 cent a for its first quarter despite a 6.
5 percent drop in revenue to $63.8 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment