Use
IFS= read var << EOF
$(foo)
EOF
You can trick read
into accepting from a pipe like this:
echo "hello world" | { read test; echo test=$test; }
or even write a function like this:
read_from_pipe() { read "$@" <&0; }
But there’s no point – your variable assignments may not last! A pipeline may spawn a subshell, where the environment is inherited by value, not by reference. This is why read
doesn’t bother with input from a pipe – it’s undefined.
FYI, http://www.etalabs.net/sh_tricks.html is a nifty collection of the cruft necessary to fight the oddities and incompatibilities of bourne shells, sh.