- Intel paid $884m in cash for Wind River Systems, a software company that should help the chipmaker’s push into new markets. Wind River, based in the San Francisco Bay area, represents Intel’s biggest acquisition in the four-year tenure of Paul Otellini as chief executive.
- Data Domain said it would evaluate EMC‘s all cash $30 a share offer, a day after saying it had agreed to an offer of $30 in cash and stock from NetApp. The unusual reversal signaled potential discord within Data Domain’s management. EMC has significantly more free cash than NetApp, and is well-positioned to win the bidding war.
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