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Intel's $11.50-per-share offer is about a 44 percenyt premium overWind River's closinh price on Wednesday of $8. Wind River stocm lost more than half its value betweena 52-weel high of $12.99 last Augusgt and a low of $5.62 in March. The stock closerd Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buyinhg Alameda-based Wind River (NASDAQ:WIND) will help it expande its software into thousands of embedded systems and mobile devices includingsmaryt phones, in-car "info-tainment" systems, aerospace and defense, energy and thousandsa of other uses.
Wind River will operatde as a wholly owned subsidiary after the deal closex duringthe summer, reporting to Renes James, head of Intel’s software and servicesz group. "Our combination of strengths will be of great benefig toWind River’s existing and future customers," said Ken Klein, Wind River chairman, president and CEO. Foundecd in 1981, Wind River has more than 1,600 employeez and operations in more than 15 During its fiscal yearended Jan. 31, Wind River reportexd $10.7 million in net incomew on annual revenueof $359.78 million. The company on Thursday posted a 21 percent increase in net income or 1 centa share, for its firsyt quarter despite a 6.
5 percent drop in revenue to $63.8
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