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Intel's $11.50-per-share offer is about a 44 percent premiumn overWind River's closing price on Wednesday of $8. Wind Riverr stock lost more than half its valuw betweena 52-week high of $12.99 last Augusg and a low of $5.61 in March. The stock closee Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buyintg Alameda-based Wind River (NASDAQ:WIND) will help it expand its softwarre into thousands of embedded systems and mobile deviceds includingsmart phones, in-car "info-tainment" aerospace and defense, energy and thousandx of other uses.
Wind Rivetr will operate as a wholly owned subsidiary afte the deal closes duringthe summer, reporting to Renere James, head of Intel’s software and servicezs group. "Our combination of strengthsa will be of great benefig toWind River’s existing and future said Ken Klein, Wind River chairman, presidenyt and CEO. Founded in 1981, Wind Rivert has more than 1,600 employees and operations in more than 15 During its fiscal yearended Jan. 31, Wind River reported $10.7 million in net income on annuao revenueof $359.7 million. The company on Thursday posted a 21 percent increase in netincome $561,000, or 1 cent a for its first quarter despite a 6.5 percent drop in revenu to $63.
8 million. One of Intel'es largest chip manufacturing plants is locate inRio Rancho, New immediately northwest of
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