“Shares of computer maker Dell Inc. retreated Thursday after a JPMorgan analyst downgraded the stock, citing the company’s high exposure to a withering PC market,” The Associated Press reports.
MacDailyNews Note: DELL is currently down 3.37% to $9.46.
“Unlike rivals Apple Inc. with smart phones, and Hewlett-Packard Co. with printers, Round Rock, Texas-based Dell hasn’t significantly diversified into other markets,” AP reports. “That is likely to ‘make for a bumpy ride given our view on PCs,’ JP Morgan analyst Mark Moskowitz told investors in a note, downgrading Dell to ‘Underweight’ from ‘Neutral.'”
Full article here.
MacDailyNews Take: Hey, wait, maybe Dell will, heh, announce, heh heh, an iPhone, hee hee! ha ha!, an “iPhone Killer,” and, *snort!*, HA! HA! HA! HA!, ahem… aww, forget it.
[Thanks to MacDailyNews Reader “James W.” for the heads up.]
