Business
Dell shares dinged by downgrade
Dell shares drifted lower Wednesday, falling 1 9/16 to 40 after USB Piper Jaffray's Ashok Kumar downgraded the stock on concerns about the PC maker's long-term revenue growth.On Wednesday, Kumar cut the stock from a "strong buy" recommendation to a "buy," pointing out that Dell has fallen into a "real technical deterioration" in the past year and doesn't possess anywhere near the momentum it did in 1997 and 1998.
On Wednesday, Kumar cut the stock from a "strong buy" recommendation to a "buy," pointing out that Dell has fallen into a "real technical deterioration" in the past year and doesn't possess anywhere near the momentum it did in 1997 and 1998. Full story. -- Larry Barrett, ZDNet Inter@ctive Investor