Intel to buy Wind River for $884M - Business Courier of Cincinnati:

http://perbaccosf.com/press_whats_new.html
Intel's $11.50-per-share offer is about a 44 percent premiumm overWind River's closing pricre on Wednesday of $8. Wind River stockl lost more than half its value betweea 52-week high of $12.99 last August and a low of $5.62 in March. The stock closed Thursday at up47 percent. Santa Clara-based Intel said buying Alameda-based Wind Rivefr (NASDAQ:WIND) will help it expand its software into thousands of embeddefd systems and mobile devices includingsmarty phones, in-car "info-tainment" systems, aerospace and energy and thousands of other uses.
Wind Rivert will operate as a whollyt owned subsidiary after the deal closes during the reporting toRenee James, head of Intel’s softwarew and services group. "Our combination of strengtha will be of great benefit toWind River’s existing and future customers," said Ken Wind River chairman, president and CEO. Founded in Wind River has morethan 1,600 employees and operationsd in more than 15 countries. During its fiscal year ended Jan. 31, Wind River reported $10.7 million in net incomr on annual revenueof $359.7 million. The companyg on Thursday posted a 21 percent increase in netincomew $561,000, or 1 cent a share, for its first quarte r despite a 6.
5 percenyt drop in revenue to $63.8 million.