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Cisco Systems downgraded by Dresdner

Cisco Systems downgraded by Dresdner (CSCO) 14.77 +0.05: -- Update -- Dresdner downgrades CSCO to a Sell; this would mark the fifth ratings change for Dresdner on Cisco this year from Hold to Sell and back; the analyst has been successfully playing the range on the stock, as buying each upgrade and selling each downgrade would have been profitable.