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

To: Mick Mørmøny who wrote (174204)	8/12/2004 4:08:09 PM
From: kaka	Respond to of 176387

.31 11.7b 3:33pm 08/12/04 Dell upped to 'buy' at Smith Barney (DELL) By Brendan January NEW YORK (CBS.MW) -- Smith Barney raised its rating of computer maker Dell (DELL) to "buy" from "hold." Analyst Richard Gardner attributed his move to Hewlett-Packard's (HP) earlier profit warning and his belief that a coming oversupply in most component markets will widen Dell's cost and price advantage. Hewlett-Packard's pre-announcement was a "significant positive" for Dell partly because Hewlett Packard would not be able to adopt a more aggressive pricing strategy in the future, said Gardner. Gardner also expects that PC industry growth will decelerate in the coming year, giving Dell a cost advantage. "We expect Dell to pass a significant portion of these component cost decline directly through to consumers, widening the company's price advantage by a similar amount," said Gardner. Gardner retained his $39 price target. Shares of Dell last traded down 24 cents at $33.33.