Morgan Stanley has made several key downgrades in technology, as well as a few lesser upgrades. Both IBM (NYSE: IBM) and Dell Inc. (NASDAQ: DELL) were downgraded to Equal-Weight from Overweight. Also cut to underweight were Citrix Systems (NASDAQ: CTXS) and Autodesk (NASDAQ: ADSK). ... Read more
Dell Inc. (NASDAQ: DELL) has just posted very disappointing earnings for its fiscal fourth quarter, as we expected. The PC-giant reported $0.18 EPS vs. $0.26 estimates and a 16% drop in revenue of $13.4 billion vs. $14.18 billion estimates. While there is not formal guidance, its o ... Read more