Markets & Finance

Cutting Forecast for Mercury Computer

Posted on August 05, 2002

Company: Black Box (BBOX

)

Year ending: Mar-03

Prior estimate: 3.45

New estimate: 2.83

Rationale: Pushout in demand pickup

Company: Citizens Communications (CZN

)

Year ending: Dec-02

Prior estimate: -0.01

New estimate: -0.80

Rationale: 1Q excluding $0.60 gain; Worldcom exposure

Company: Eaton Vance (EV

)

Year ending: Oct-03

Prior estimate: 2.29

New estimate: 1.99

Rationale: Falling sales, assets under management

Company: Edison Intl. (EIX

)

Year ending: Dec-02

Prior estimate: 1.75

New estimate: 3.20

Rationale: Reflects $1.48 in gains

Company: Korn/Ferry Int. (KFY

)

Year ending: Apr-03

Prior estimate: 0.15

New estimate: 0.05

Rationale: Delays in economic recovery

Company: Mercury Computer (MRCY

)

Year ending: Jun-03

Prior estimate: 1.21

New estimate: 0.98

Rationale: Lower revenue growth seen

Company: Nuevo Energy (NEV

)

Year ending: Dec-02

Prior estimate: 1.04

New estimate: 1.46

Rationale: Higher production estimates

Company: Openwave Systems (OPWV

)

Year ending: Jun-03

Prior estimate: -0.33

New estimate: -0.69

Rationale: 4Q results, 1Q guidance

Company: Ryerson Tull (RT

)

Year ending: Dec-02

Prior estimate: -0.10

New estimate: -0.90

Rationale: Company sees weakening of 3Q volume

Company: Scientific-Atlanta (SFA

)

Year ending: Jun-03

Prior estimate: 1.11

New estimate: 0.88

Rationale: Weak digital subscriber growth

Company: Tom Brown (TBI

)

Year ending: Dec-02

Prior estimate: 0.40

New estimate: 0.25

Rationale: Lower realized price estimates AUG. 5

Company: 99 Cents Only (NDN

)

Year ending: Dec-02

Prior estimate: 1.10

New estimate: 0.84

Rationale: Weaker than expected sales

Company: DQE (DQE

)

Year ending: Dec-02

Prior estimate: 1.48

New estimate: 1.27

Rationale: Sales of operating assets

Company: Royal Dutch Petroleum (RD

)

Year ending: Dec-02

Prior estimate: 3.06

New estimate: 2.68

Rationale: 2Q EPS, conference call, market outlook

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