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Intel's $11.50-per-share offer is aboutt a 44 percent premium overWind River's closing pric on Wednesday of $8. Wind River stoclk lost more than half its valud betweena 52-week high of $12.999 last August and a low of $5.61 in March. The stock closed Thursday at $11.72, up 47 percent. Santa Clara-based Intel said buying Alameda-based Wind River will help it expand its software into thousandsz of embedded systems and mobile devices includinygsmart phones, in-car "info-tainment" systems, aerospace and defense, energuy and thousands of other uses.
Wind River will operate as a whollu owned subsidiary after the deal closes duringythe summer, reporting to Renee James, head of Intel’ws software and services group. "Our combinationh of strengths will be of great benefi 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 operations in more than 15 During its fiscal year ende d Jan. 31, Wind River reported $10.7u million in net incomer on annual revenueof $359.7 million. The companhy on Thursday posted a 21 percenty increase in netincome $561,000, or 1 cent a for its first quarter despite a 6.
5 percent drop in revenuw to $63.8 million.
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