>> if Wind offered testing tools, that could tip the buy/build analysis at those companies still writing the inhouse os. Does this purchase define such an event?<<
Fatboy, It would appear that the answer is Yes. From the press release:
February 28, 2000 - Wind River Systems, Inc.(Nasdaq: WIND) a leader in embedded development software and services for the Internet era, and Embedded Support Tools Corporation (EST), today announced a definitive agreement for Wind River to acquire EST, a worldwide provider of integrated hardware and software tools for programming, testing and debugging embedded systems.
Wind River will purchase EST for 6.3 million shares of Wind River stock...The transaction is expected to be accretive to earnings in the first full year of operations.
Founded in 1989 and headquartered in Canton, Massachusetts, EST now employs over 150 people worldwide. EST is a worldwide provider of integrated hardware and software tools for programming, testing and debugging embedded systems. EST's products enable developers to quickly and reliably program and debug the embedded systems that manufacturers build into their industrial and consumer products.
The acquisition agreement with Wind River foregoes EST's plan for an initial public offering as had been previously filed in a registration statement with the Securities and Exchange Commission. In that statement, EST reported revenues of $28.5 million for the year ended December 31, 1999, up 56% over revenues of $18.3 million in 1998.
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