Intel has a frustrating pattern of choosing the right companies to acquire, and then failing to capitalize on their advantages. Now, Wind River, in our view one of its most strategically important purchases of recent years, is joining a line that also includes DEC StrongARM/XScale, TI’s cable modems, Level One, Dialogic and Trillium. Intel is selling off Wind River to investment firm TPG (the same firm which acquired half of Intel’s McAfee unit last year). The company – headed by the unit’s current president Jim Douglas – is already pledging to pursue an aggressive strategy in Internet of Things (IoT), edge compute and intelligent devices. But those are all areas which Intel has identified as highly strategic, as it looks…