OCTOBER 25, 2004
Advice from Standard and Poors
EPS CHANGES

Lower Forecast for Wild Oats Market
S&P revises earnings per share estimates for Google and more

Date Company FY-End Prior New Comment
10/25/2004 Dr. Reddy's Mar-06 0.80 0.65 Rising operating expense forecasts
  Intl Steel Gro Dec-04 5.15 6.05 Better than expected Q-3 margins
  Reynolds Ameri Dec-04 6.04 6.86 Cost savings initiatives
  Wild Oats Mar Dec-04 0.22 -0.07 Intense competition
         
10/22/2004 Advanced Ener Dec-04 0.39 0.14 Lower than expeced Q4 guidance
  Advent Softwa Dec-04 0.12 0.06 Amortization charges
  Alliance Gamin Jun-05 0.50 0.25 Competitive position, market demand
  CEMEX S.A. ADS Dec-04 3.27 3.61 Higher volumes, wider gross margins
  Cytokinetics Dec-04 -1.70 -1.52 Higher share count in '04
  Emulex Corp Jun-05 0.71 0.62 Higher than expected ASP erosion
  First Industria Dec-04 0.29 0.33 Better than expected Q3
  Google Inc 'A Dec-04 1.24 2.66 Better than expected Q3
  Grupo Televisa Dec-04 3.22 3.80 Strong Q3 & improved outlook
  Integrated De Mar-05 0.26 0.32 More optimistic sales growth
  Lattice Semic Dec-04 0.06 0.00 Q3 results, co. guidance
  Sunoco Logisti Dec-04 2.70 2.36 Updated price & volume projections
  Superior Indus Dec-04 1.88 1.64 Intense price competition
  Taubman Center Dec-05 0.08 0.20 Higher projected revenue, lower expens
  Trimeris Inc Dec-04 -1.43 -2.00 Cont'd weak sales of Fuzeon
  TriQuint Semi Dec-04 -0.05 -0.09 Inventory write-down, new guidance
  Ultratech Inc Dec-04 0.12 0.15 Better than expected Q3 results
  Visteon Corp Dec-04 0.18 -10.11 Special cahrges hurt current year
  Weyerhaeuser Co Dec-04 4.66 5.28 Stronger wood products prices
         
10/21/2004 Abitibi-Consol Dec-04 -0.14 -0.28 Slower than expected recovery
  Affymetrix Dec-04 0.56 0.69 Better outlook
  Alaska Air Dec-04 -0.34 -0.10 Higher oil prices
  AT&T Corp Dec-04 1.41 1.86 Lower depreciation costs; stability
  C-COR Inc Jun-05 0.41 0.34 Weaker outlook
  Celestica Inc Dec-04 0.32 0.37 Operational improvements
  DeVry Inc Jun-05 0.90 0.45 Much weaker than expected Sep-Q
  Extreme Netw Jun-05 0.03 0.12 Cost cuts, lower tax rate
  Harris Corp Jun-05 2.45 2.79 Improved operating outlook
  Imation Corp Dec-04 1.80 1.35 Increasing pricing pressures
  Interwoven Dec-04 0.07 0.10 Q3 results, Q4 guidance
  Manu Home Dec-04 0.80 0.50 Fewer new home sales
  Maxtor Corp Dec-04 -0.37 -0.51 Ongoing end-market weakness
  MedImmune Dec-04 0.46 0.26 Weaker prospects
  Metris Cos Dec-04 0.05 -0.05 Weaker outlook
  Powerwave Dec-04 -0.05 0.07 Stronger than expected Q3 results
  Sears,Roebuck Dec-04 2.78 1.70 Disappointing sales & margin trends
  Wash Mutual Dec-04 2.56 2.84 Better prospects
  Webster Finl Dec-04 3.70 3.07 Weaker outlook
  Winn-Dixie Jun-05 0.03 -0.24 Weaker outlook
         
10/20/2004 Applied Micro Mar-05 0.07 -0.03 Low visibility and weak demand
  AT&T Wireless Dec-04 -0.01 0.05 Better than expected EPS
  Callaway Golf Dec-04 0.30 0.18 Adverse industry conditions
  CoStar Group Dec-04 0.70 0.78 Unexpected drop in selling expenses
  Cummins Inc Dec-04 5.55 6.30 Better than expected EPS
  Cymer Inc Dec-04 1.54 1.04 Lower than expected Q-4 guidance
  Enterasys Dec-04 -0.15 -0.24 Lower operating outlook
  FileNet Corp Dec-04 0.33 0.51 Q3 results, forward guidance
  FLYi Inc Dec-04 -1.39 -3.00 Ongoing losses, risk of bankruptcy
  MKS Instrumen Dec-05 1.35 1.05 Slowing sales, reduced inventories
  Northwest Air Dec-05 -0.50 -3.00 Lack of fuel hedges, pricing pressr
  NOVA Chemicals Dec-04 1.09 1.70 Strong demand in all segment mkts
  Packaging Corp Dec-04 0.65 0.52 Seasonal drop in volumes
  Parametric Te Sep-05 0.20 0.28 Better than expected results in Q4
  Quantum Corp Mar-05 0.01 -0.01 Lower gross margin projections
  Safeway Inc Dec-04 1.94 1.30 Strike impact
  Schulman (A.) Aug-05 1.50 1.25 Rising raw material prices
  Telephone & Da Dec-04 2.25 1.85 Weaker than expected opertng profit
  Teradyne Inc Dec-05 1.45 0.65 Lower than expected Q4 guidance
  Wausau-Mosinee Dec-04 0.53 0.42 Greater than expected seasonal drop
         
10/19/2004 AmeriTrade Ho Sep-05 0.65 0.75 Higher interest income
  Cognex Corp Dec-04 0.90 0.77 Poor guidance & order trends
  CSX Corp Dec-04 2.10 1.85 Decline in freight traffic
  DSP Group Dec-04 1.06 0.93 Soft demand for consumer electronics
  LeapFrog Enterp Dec-04 1.23 0.52 Significant Q3 revenue/EPS shortfall
  Sprint Corp Dec-04 0.79 0.92 Lower depreciation costs





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