American Technology Research dropped Dell from "buy" to "neutral" on October 3. The reason was that the ramp-up in new AMD powered PCs from Dell was happening slower than forecast. The new rating did seem to take the stock down about $.35, but it has recovered about $.85 since then to hit $23.56. Dell's stock has not closed this high in over three months. Nice call from American Technology.
One has to ask where the research firm was in March when Dell traded above $30. On September 9, 2005, American Research upgraded Dell from "hold" to "buy." The stock was $34. 65 then.
Thanks for the advice.
Douglas McIntyre is a partner at 24/7 Wall St.
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