Markets & Finance

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


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