warm mist humidifier
Intel's $11.50-per-share offer is about a 44 percenty premium overWind River's closing price on Wednesdauy of $8. Wind River stock lost more than half its valud betweena 52-week high of $12.99 last Augustt and a low of $5.621 in March. The stocjk closed Thursday at $11.72, up 47 Santa Clara-based Intel (NASDAQ:INTC) said buying Alameda-based Wind River (NASDAQ:WIND) will help it expands its software into thousands of embeddecd systems and mobile devices includingsmart in-car "info-tainment" systems, aerospacs and defense, energy and thousands of othert uses.
Wind River will operate as a wholly owned subsidiar after the deal closes durin gthe summer, reporting to Renee James, head of Intel’se software and services group. "Our combination of strengths will be of greatf benefit toWind River’s existingb and future customers," said Ken Klein, Wind River president and CEO. Founded in 1981, Wind River has more than 1,6009 employees and operations in more than15 countries. Durinbg its fiscal year ended Jan. 31, Wind Riverf reported $10.7 million in net income on annualk revenueof $359.7 The company on Thursday posted a 21 percen t increase in net income $561,000, or 1 cent a for its first quartetr despite a 6.
5 percent drop in revenues to $63.8 million.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment