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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Peter Smith who wrote (136275)	7/12/1999 11:26:00 AM
From: KS	Respond to of 176387

July 12, 1999 11:15 RESEARCH ALERT-SG Cowen upgrades Dell NEW YORK, July 12 (Reuters) - SG Cowen said on Monday analyst Richard Chu upgraded his rating on Dell Computer Corp. to strong buy from buy and set a $55-a-share price target. -- Shares of Dell were up 11/16 to 43-1/2 in early trading on the Nasdaq. -- Chu said Dell's "already formidable" business model, selling personal computers directly to individual customers, could be even more powerful in the Internet environment because Dell can acquire and retain customers better. -- "Chu now thinks the coast is clear for significant further upside, based on the strength of business," the firm said in a research note. -- No further details were immediately available.