Higher Forecast for Novellus

Company: GlobalSantaFe (GSB

)

Year ending: Dec-02

Prior estimate: 1.98

New estimate: 1.69

Rationale: Improved market outlook

Company: InFocus Corp. (INFS

)

Year ending: Dec-02

Prior estimate: d0.15

New estimate: d0.12

Rationale: Weak March quarter

Company: Koninklijke (PHG

)

Year ending: Dec-02

Prior estimate: 0.18

New estimate: 0.61

Rationale: Change in goodwill accounting

Company: Novellus Systems (NVLS

)

Year ending: Dec-02

Prior estimate: 0.18

New estimate: 0.66

Rationale: Strong copper growth & DRAM spending

Company: Parametric Technology (PMTC

)

Year ending: Sep-02

Prior estimate: 0.18

New estimate: 0.02

Rationale: Continued IT spending slowdown

Company: Rowan Cos (RDC

)

Year ending: Dec-02

Prior estimate: 0.10

New estimate: 0.17

Rationale: Improved outlook

Company: Texas Instruments (TXN

)

Year ending: Dec-02

Prior estimate: 0.15

New estimate: 0.29

Rationale: Order strength

Company: Unisys Corp. (UIS

)

Year ending: Dec-02

Prior estimate: 0.75

New estimate: 0.65

Rationale: Slower turnaround in IT spending APR. 15

Company: Great Lakes Chemical (GLK

)

Year ending: Dec-02

Prior estimate: 1.00

New estimate: 0.70

Rationale: See lower sales for 2002 APR. 12

Company: ChevronTexaco (CVX

)

Year ending: Dec-02

Prior estimate: 4.11

New estimate: 3.75

Rationale: Current oil market

Company: Elantec Semiconductor (ELNT

)

Year ending: Sep-02

Prior estimate: 0.46

New estimate: 0.52

Rationale: Strong sales in electronic markets

Company: Imation Corp. (IMN

)

Year ending: Dec-02

Prior estimate: 1.30

New estimate: 1.60

Rationale: Improving demand

Company: NEXTEL Communications (NXTL

)

Year ending: Dec-02

Prior estimate: d1.53

New estimate: d1.85

Rationale: High debt load

Company: Occidental Petroleum (OXY

)

Year ending: Dec-02

Prior estimate: 1.89

New estimate: 1.37

Rationale: Current oil market

Company: Qwest Communications (Q

)

Year ending: Dec-02

Prior estimate: 0.08

New estimate: 0.04

Rationale: High debt load

Company: RSA Security (RSAS

)

Year ending: Dec-02

Prior estimate: 0.10

New estimate: d0.07

Rationale: Weaker than expected outlook

Company: Smurfit-Stone Container (SSCC

)

Year ending: Dec-02

Prior estimate: 0.75

New estimate: 0.60

Rationale: Weak demand & containerboard prices

Company: Systems & Computer Tech (SCTC

)

Year ending: Sep-02

Prior estimate: 0.23

New estimate: 0.34

Rationale: Divestiture of unprofitable business

Company: Viacom (VIA.B

)

Year ending: Dec-02

Prior estimate: 0.18

New estimate: 1.20

Rationale: Accounting change for goodwill expense

Company: VISX Inc. (EYE

)

Year ending: Dec-02

Prior estimate: 0.45

New estimate: 0.53

Rationale: Better than expected first quarter