Intel intimated that the acquisition will help it develop software and chips used in embedded systems and mobile devices. The $884 million deal is said to close during the summer of 2009. Wind River will operate as a wholly-owned subsidiary of Intel after the deal is finalized.
Intel shares rose 23 cents or 1.2%, in morning trading Thursday. We had removed shares of Intel from our "recommended" list back on Sept. 9 when the stock was trading at $20.97. We had added the stock to our "recommended" list back in early August when it was at $23. The company has a dividend yield of 3.51% based on last night's closing stock price of $15.94. The stock has near-term technical support in the $12 price area. If the shares can firm up, we see overhead resistance around the $17 to $19 price area. Intel is not recommended at this time and holdsa Dividend.com DARS Rating of 3.2 out of 5 stars.
We removed shares of Rio Tinto from our "recommended" list back on May 13, when the shares were trading at $166.20. The company has a dividend yield of 2.87%, based on last night's closing stock price of $189.62.
The stock has technical support in the $150 price area. If the shares can firm up, we see overhead resistance around $200. We would remain on the sidelines for now. Rio Tinto holds a Dividend.com DARS Rating of 3.4 out of 5 stars.