To: Bald Eagle who wrote (6110 ) 8/19/1999 4:31:00 PM From: Ron Read Replies (1) | Respond to of 10309
WIND earnings .14 versus estimate .15 Wind River Systems (NASDAQ:WIND.O) today announced an organizational change that brings increased focus on meeting the needs of OEMs building products for the complex and time-crunched global post-PC era. Effective immediately, Wind River will expand its organizational structure to include targeted business units. This move is the latest step in an on-going process to ensure continued leadership in a rapidly changing industry. To further capitalize on the high-growth Internet-related markets and better serve its customers' growing need for increased development assistance, the first two Wind River business units are Wind River Networks and Wind River Services. Wind River will also continue to strengthen and extend the Tornado(TM) development platform, VxWorks(R) real-time operating system and other core technologies for both traditional customers and Value Added Resellers. What is usually referred to as the embedded market is actually a multitude of vertical market segments such as telecom/datacom equipment, industrial control, military/aerospace, and digital imaging that use embedded technology in product development. In general, all of these markets are being affected by the rise of the Internet and cheaper microprocessors resulting in increasingly complex products and "Internet-time" development cycles. Each individual market, however, has increasingly divergent development needs and varying growth rates. While continuing to serve the broad, horizontal embedded sector with its industry-leading Tornado and VxWorks platform, Wind River is augmenting its strategy by focusing on high growth, high value market segments. For these segments, Wind River will deliver complete solutions products such as Tornado for Managed Switches that will be developed in the various business units.