Intel Corp (INTC)

[techno_bull]

The downgrade does not seem based on fundamentals.

http://biz.yahoo.com/tm/071031/16438.html?.v=1

The downgrade came TradingMarkets Research which according to their site uses PowerRatings which they define as:

'a quantitative rating method which ranks stocks on both safety and the potential for price appreciation'

Doesn't 'quantitative rating method' equate to technical analysis? I could find nothing on their site about the downgrade that even comes close to sounding like they know anything about the semiconductor business. Should we even consider this a true downgrade (like the upgrades and downgrades that come from the analysts that actually follow the industry)?