Intel Buys Wind River For $884m To Boost Embedded Sector

Intel Corp. has announced its intentions to snap up Wind River Systems, a firm which develops software for embedded devices, for around $884 million, as the chip giant plans to bolster up its presence in handheld devices.   In its announcement the chip maker notified that it will buy all outstanding shares for Wind Rivers Systems for $11.50 each, which shows an impressive 44 percent premium over the company's 3 June closing price of $8 per share.  The industry...