Company: AirTran Holdings (AAI

)

Year ending: Dec-02

Prior estimate: 0.09

New estimate: 0.05

Rationale: Severity of downturn, likelihood of war

Company: Applied Materials (AMAT

)

Year ending: Oct-03

Prior estimate: 0.55

New estimate: 0.26

Rationale: Declining capital spending

Company: Continental Airlines (CAL

)

Year ending: Dec-02

Prior estimate: -3.94

New estimate: -4.54

Rationale: Severity of downturn, likelihood of war

Company: JLG Industries (JLG

)

Year ending: Jul-03

Prior estimate: 1.21

New estimate: 0.59

Rationale: Company guidance

Company: Lam Research (LRCX

)

Year ending: Jun-03

Prior estimate: 0.32

New estimate: -0.13

Rationale: Declining capital expenditures by chipmakers

Company: Morgan Stanley (MWD

)

Year ending: Nov-02

Prior estimate: 3.06

New estimate: 2.60

Rationale: Poor investment banking, capital market results

Company: Northwest Airlines (NWAC

)

Year ending: Dec-02

Prior estimate: -4.09

New estimate: -4.54

Rationale: Severity of downturn, likelihood of war

Company: Nucor (NUE

)

Year ending: Dec-02

Prior estimate: 2.60

New estimate: 2.30

Rationale: Weakness in sales, $0.17 startup costs

Company: Placer Dome (PDG

)

Year ending: Dec-02

Prior estimate: 0.35

New estimate: 0.45

Rationale: Better than expected second-quarter EPS

Company: Radiologix (RGX

)

Year ending: Dec-02

Prior estimate: 0.87

New estimate: 0.72

Rationale: Company guidance

Company: Roadway (ROAD

)

Year ending: Dec-02

Prior estimate: 1.61

New estimate: 1.80

Rationale: Benefit from CFWYE bankruptcy

Company: Temple-Inland (TIN

)

Year ending: Dec-02

Prior estimate: 2.00

New estimate: 1.58

Rationale: Company forecast

Company: URS Corp (URS

)

Year ending: Oct-03

Prior estimate: 2.90

New estimate: 2.60

Rationale: Adverse market conditions, lower margins

Company: Valero Energy (VLO

)

Year ending: Dec-02

Prior estimate: 1.32

New estimate: 0.51

Rationale: Weak refining margins

Company: Weyerhaeuser (WY

)

Year ending: Dec-02

Prior estimate: 1.50

New estimate: 0.96

Rationale: Poor outlook for wood product segment SEPT. 23

Company: Atmel (ATML

)

Year ending: Dec-02

Prior estimate: -0.25

New estimate: -0.30

Rationale: Revenue guidance, slow chip demand

Company: Kansas City Southern (KSU

)

Year ending: Dec-02

Prior estimate: 0.75

New estimate: 0.65

Rationale: Implementation of new computer system