Dell Computer

(DELL) - Get Report

was down 6.3% in midmorning after

Wit SoundView

downgraded it to buy from strong buy.

Citing slow PC sales in October and the beginning of November, the brokerage also downgraded

Apple

(AAPL) - Get Report

to buy from strong buy and

Gateway

(GTW)

to hold from buy. Apple was down 1%. Gateway was down 8.1% and was trading at 52-week lows.

Wit SoundView also cut

Intel

(INTC) - Get Report

to buy from strong buy.