Cutting Forecast for IBM

Company: InFocus Corp. (INFS

)

Year ending: Dec-02

Prior estimate: 0.87

New estimate: d0.15

Rationale: Lower IT spending, weak Yen

Company: International Business Machines (IBM

)

Year ending: Dec-02

Prior estimate: 4.85

New estimate: 4.00

Rationale: Preannounced first quarter shortfall

Company: Mentor Graphics (MENT

)

Year ending: Dec-02

Prior estimate: 1.24

New estimate: 0.99

Rationale: Company guidance

Company: Park Electrochemical (PKE

)

Year ending: Feb-03

Prior estimate: 0.35

New estimate: d0.35

Rationale: Slower turnaround for circuit boards

Company: Standard Microsystems (SMSC

)

Year ending: Feb-03

Prior estimate: 0.14

New estimate: 0.20

Rationale: Company guidance