Markets & Finance

Cutting Forecast for EMC


Company: Aether Systems (AETH)

Year ending: Dec-02

Prior estimate: d2.58

New estimate: d2.28

Rationale: More cost-reduction actions

Company: Apache Corp. (APA)

Year ending: Dec-02

Prior estimate: 3.27

New estimate: 2.75

Rationale: Lower natural gas & oil prices

Company: Cabot Oil & Gas (COG)

Year ending: Dec-02

Prior estimate: 0.25

New estimate: d0.11

Rationale: Lower natural gas & oil prices

Company: Crompton Corp. (CK)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: 0.50

Rationale: Benefit of lower goodwill expense

Company: Devon Energy (DVN)

Year ending: Dec-02

Prior estimate: 3.60

New estimate: 1.21

Rationale: Lower natural gas & oil prices

Company: Dillard's Inc. (DDS)

Year ending: Jan-03

Prior estimate: 0.75

New estimate: 1.00

Rationale: Strong gains, lower interest expense

Company: EMC Corp. (EMC)

Year ending: Dec-02

Prior estimate: 0.05

New estimate: d0.01

Rationale: Slower turnaround in IT spending

Company: EOG Resources (EOG)

Year ending: Dec-02

Prior estimate: 0.74

New estimate: 0.37

Rationale: Lower natural gas & oil prices

Company: McData Corp. (MCDT)

Year ending: Dec-02

Prior estimate: 0.18

New estimate: 0.10

Rationale: Lack of corporate IT spending

Company: Northwst Airlines (NWAC)

Year ending: Dec-02

Prior estimate: d2.75

New estimate: d3.25

Rationale: Reflects larger than expected first quarter loss

MAR. 5

Company: Lam Research (LRCX)

Year ending: Jun-02

Prior estimate: 0.33

New estimate: d0.06

Rationale: Company guidance

Company: Stone Energy (SGY)

Year ending: Dec-02

Prior estimate: 2.04

New estimate: 1.18

Rationale: Less productive drilling program


Toyota's Hydrogen Man
LIMITED-TIME OFFER SUBSCRIBE NOW

Sponsored Financial Commentaries

Sponsored Links

Buy a link now!

 
blog comments powered by Disqus