Markets & Finance

Cutting Forecast for Intel


Company: Biogen (BGEN)

Year ending: Dec-02

Prior estimate: 1.74

New estimate: 1.47

Rationale: Slow down in Avonex sales

Company: Intel (INTC)

Year ending: Dec-02

Prior estimate: 0.72

New estimate: 0.62

Rationale: Weaker revenue run

Company: Millennium Chemicals (MCH)

Year ending: Dec-02

Prior estimate: d0.25

New estimate: d0.75

Rationale: Continued losses at Equistar joint venture

Company: RF Micro Devices (RFMD)

Year ending: Mar-03

Prior estimate: 0.20

New estimate: 0.13

Rationale: Lower than expected revenues

JUNE 6

Company: Alcan Inc. (AL)

Year ending: Dec-02

Prior estimate: 2.15

New estimate: 1.90

Rationale: Weakness in aluminum prices

Company: AT&T Wireless (T)

Year ending: Dec-02

Prior estimate: 0.02

New estimate: d0.04

Rationale: Slower than expected subscriber growth

Company: AutoNation (AN)

Year ending: Dec-02

Prior estimate: 1.01

New estimate: 1.13

Rationale: Stronger than expected sales

Company: Circuit City (CC)

Year ending: Feb-03

Prior estimate: 0.60

New estimate: 0.67

Rationale: Better than expected first quarter

Company: Comverse (CMVT)

Year ending: Jan-03

Prior estimate: d0.08

New estimate: d0.27

Rationale: Lower company guidance

Company: Delta Airlines (DAL)

Year ending: Jun-02

Prior estimate: d2.67

New estimate: d4.65

Rationale: Continued weak yeilds and traffic numbers

Company: Maytag Corp. (MYG)

Year ending: Dec-02

Prior estimate: 2.52

New estimate: 2.79

Rationale: Better appliance sales in U.S.

Company: National Semiconductor (NSM)

Year ending: May-03

Prior estimate: 0.24

New estimate: 0.71

Rationale: Strong bookings, higher margins

Company: Riverstone (RSTN)

Year ending: Feb-03

Prior estimate: 0.07

New estimate: d0.35

Rationale: Company preannounces May-quarter shortfall

Company: Tyco International (TYC)

Year ending: Sep-02

Prior estimate: 2.60

New estimate: 2.30

Rationale: Distractions are growing


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