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MOST NOTEWORTHY: Riverbed Technology, Sirius Satellite and ASML Holdings were today's noteworthy downgrades:
- Deutsche Bank downgraded shares of Riverbed Technology (NASDAQ: RVBD) to Hold from Buy after it negatively preannounced to reflect economic conditions and the company's lack of visibility.
- Credit Suisse said shares of Sirius Satellite (NASDAQ: SIRI) are trading near fair value and that shares will probably trade in a range between mid-$2s to $3 in 2008. Shares were downgraded to Neutral from Outperform.
- JP Morgan lowered ASML Holdings (NASDAQ: ASML) to Neutral from Overweight as they believe chip manufacturing equipment orders are suffering from the weak DRAM memory market.
OTHER DOWNGRADES:
- Dell (NASDAQ: DELL) was cut at Goldman to Neutral from Buy.
- Tesco PLC (OTC: TSCDY) was downgraded to Hold from Buy at Societe Generale.
- RBC Capital cut Radware (NASDAQ: RDWR) to Sector Perform from Outperform.
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