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Intel's Buy into the Device Software Business: Did They Overpay?

There is good reason that INTC, as the acquirer, closed up on the day of the announcement. Apparently, more than a few investors believe that the price is a bargain, and likely to face competing bids from the likes of IBM or MSFT. WIND is the leader in their space as a result of a re-vamped sales force offering a proven technology into a myriad of markets. WIND's embedded chips have been successfully applied down here on Earth and as far away as Mars. They are in "smart" refrigerators that scan groceries and advise on the need for replenishment; they are in the Mars landers that have outlived their anticipated lives by more than 10 x!! They are in most of the cars we drive and techies across so many industries are utilizing them to facilitate upgrades in installed hardware.

So, did INTC overpay? We'll see over the next 30-60 days if some of the other big boys refuse to let them slip through their fingers.