Dell Leaps on Upgrade - TheStreet

Dell (DELL) - Get Report was up 4.2% in preopen Instinet trading as Morgan Stanley Dean Witter upgraded its rating on the stock to outperform from neutral.

Also, Dell announced this morning it will cut about 275 jobs in Ireland and Britain as part of its ongoing cost-cutting effort. The cuts will come in the form of a voluntary separation program, the company said.