Sterne Agee, Needham, and Citi are downgrading Dell (DELL -5.8%) following yesterday's FQ4 miss...

|About: Dell Inc. (DELL)|By:, SA News Editor

Sterne Agee, Needham, and Citi are downgrading Dell (DELL -5.8%) following yesterday's FQ4 miss and weak guidance. Sterne sees Dell's PC business suffering at the hands of Apple (AAPL), Acer, and H-P (HPQ), while Citi doesn't expect Dell's soft gross margin to improve in FQ1. Staying bullish is Deutsche, which thinks Dell's current woes are due to near-term hard drive and government spending issues. (transcript)