June 4, 2009
Santa Clara-based Intel (INTC: 24.82 +2.31%) has announced that it is acquiring Wind River Systems for $884M. The acquisition comes on the heels of the fight over DataDomain by NetApp and EMC. As we suspected, we’re beginning to see an accelerated cycle of acquisitions take hold as companies with mountains of cash are empowered by low opportunity cost of that cash, as well as attractive pricing. Acquisitions might be good for companies gearing up as they move forward, but in a recessionary environment, the acquisitions generally translate into a net loss for the office space market as companies shed excess space and improve efficiencies as they integrate and consolidate.
- Simon Property Group Snaps Up Prime Outlets For $2.3B
- EMC Makes Bid For Santa Clara’s Data Domain
- Yahoo Layoffs Begin; Estimated 1500 To Lose Jobs This Round
- Microsoft Bids For Yahoo; Facebook Numbers Leaked
- Moffett Towers Might Finally Be Getting a Tenant