OCTOBER 8, 2004
Advice from Standard and Poors
EPS CHANGES

Higher Forecast for AMD
S&P revises earnings estimates for AMR, Nvidia, and more

Date Company FY-End Prior New Comment
         
         
10/8/2004 Advanced Micro Dec-04 0.44 0.52 Wider margin assumptions
         
         
         
10/7/2004 AirTran Hldgs Dec-04 0.3 0.15 High oil prices, tough competition
  AMR Corp Dec-04 -1 -4 High oil prices, tough competition
  Helmerich & Pay Sep-05 0.94 0.85 Expecting higher operating costs
  Instinet Grou Dec-04 0.15 0.13
  NVIDIA Corp* Jan-05 0.29 0.32
  Payless ShoeSo Jan-05 0.77 0.65 Weak store traffic, store closings
  Ross Stores Jan-05 1.35 1.13 Higher distribution costs





All of the views expressed in this research report accurately reflect the research analyst's personal views regarding any and all of the subject securities or issuers. No part of analyst compensation was, is or will be, directly or indirectly related to the specific recommendations or views expressed in this research report.
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