Cafepress to Purchase EZ Prints and 2 Stocks that Have Hit 52-Week Lows
Dell Inc. (NASDAQ:DELL) and its new in-house virtual desktop supplier, Wyse, introduced new and upgraded cloud client computing packages that were optimized expressly for VMware shops. The announcement was made at VMworld Europe 2012, ending on Oct. 11 in Barcelona, Spain. In the past few years, virtual desktop implementations have come far regarding quality and ease of deployment after it spent over a decade unsuccessfully. Dell is in the process of improving its support for VMware View and its PC over Internet Protocol (PCoIP) on its zero and thin clients, desktop as a service (DaaS) with PCoIP support and new channel partner solutions to Europe. The shares closed at $9.43, down $0.13 or 1.36% on the day. They have traded in a 52-week range of $9.35 to $18.36.
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Intel Corp. (NASDAQ:INTC): Not many have hope for the global PC market as worldwide shipments will decline in 2012 for the first time in 11 years, according to IHS iSuppli. In 2012, the total PC market in is predicted to to minimize by 1.2 percent dropping to 348.7 million units, down from 352.8 million in 2011, according to the firm. The worldwide PC industry has not suffered such a decline since 2001. The shares closed at $21.76, down $0.14 or 0.64% on the day. They have traded in a 52-week range of $21.85 to $29.27.
Cafepress Inc. (NASDAQ:PRSS) entered into an agreement for the acquisition of privately held EZ Prints Inc., which is a complete deployable e-commerce platform. The acquisition will bring a “plug and play” deployable software technology allowing the CafePress ecosystem to drive online customization by stretching its reach into third party corporate and licensed shops. The shares closed at $7.50, down $0.57 or 7.06% on the day. They have traded in a 52-week range of $7.68 to $22.69.
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