Markets & Finance

Lower Forecast for Micron Technology


Company: Axcelis Technologies (ACLS)

Year ending: Dec-02

Prior estimate: d0.60

New estimate: d0.39

Rationale: Company guidance

Company: Hanover Compressor (HC)

Year ending: Dec-02

Prior estimate: 1.35

New estimate: 0.75

Rationale: Currency devaluation in South America

Company: Hologic Inc. (HOLX)

Year ending: Sep-02

Prior estimate: d0.03

New estimate: 0.30

Rationale: Includes tax benefit

Company: Micron Technology (MU)

Year ending: Aug-02

Prior estimate: Nil

New estimate: d0.15

Rationale: Lower revenue as DRAM prices fade

MAY 13

Company: American Greetings (AM)

Year ending: Feb-03

Prior estimate: 1.25

New estimate: 1.51

Rationale: Better cards sales, cost reduction programs

Company: Aspen Technology (AZPN)

Year ending: Jun-03

Prior estimate: 0.35

New estimate: 0.55

Rationale: Reflects accretive acquisition

Company: Citizens Communications (CZN)

Year ending: Dec-02

Prior estimate: d0.06

New estimate: d0.01

Rationale: Lower operating expenses

Company: Ocean Energy (OEI)

Year ending: Dec-02

Prior estimate: 0.80

New estimate: 0.95

Rationale: Higher oil & gas prices

Company: Phillips Petroleum (P)

Year ending: Dec-02

Prior estimate: 3.29

New estimate: 2.77

Rationale: Poor market outlook

Company: PrePaid Legal (PPD)

Year ending: Dec-02

Prior estimate: 1.56

New estimate: 1.76

Rationale: Good corporate execution

MAY 10

Company: Atlas Air (CGO)

Year ending: Dec-02

Prior estimate: 1.00

New estimate: 0.18

Rationale: Weak demand, higher operating costs

Company: Cablevision (RMG)

Year ending: Dec-02

Prior estimate: 0.67

New estimate: 0.30

Rationale: Income shift to minority interests

Company: Sunoco (SUN)

Year ending: Dec-02

Prior estimate: 2.28

New estimate: 1.64

Rationale: Weak refining margin environment

Company: Transocean (RIG)

Year ending: Dec-02

Prior estimate: 1.58

New estimate: 1.11

Rationale: Weaker than expected results

Company: Vintage Petroleum (VPI)

Year ending: Dec-02

Prior estimate: 0.03

New estimate: 0.07

Rationale: Improved outlook for commodity prices


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