Markets & Finance

Slashing Forecast for Micron Technology


Company: Activision (ATVI)

Year ending: Mar-03

Prior estimate: 1.38

New estimate: 0.82

Rationale: Sharply lower company guidance

Company: Ballard Power (BLDP)

Year ending: Dec-02

Prior estimate: -1.23

New estimate: -0.98

Rationale: Revenue guidance; increased share count

Company: Longview Fibre (LFB)

Year ending: Oct-03

Prior estimate: 0.45

New estimate: 0.40

Rationale: See lower log prices, volumes

Company: Micron Technology (MU)

Year ending: Aug-03

Prior estimate: -0.40

New estimate: -1.10

Rationale: Strong competition, weak end markets

Company: PolyOne (POL)

Year ending: Dec-03

Prior estimate: 0.60

New estimate: 0.30

Rationale: Company guidance

Dec. 17

Company: Berkshire Hathaway (BRK.A)

Year ending: Dec-03

Prior estimate: 2250.00

New estimate: 2850.00

Rationale: Improved underwriting results

Company: Crescent Real Estate (CEI)

Year ending: Dec-03

Prior estimate: 0.60

New estimate: 0.47

Rationale: Poor results, soft fundamentals

Company: GATX Corp (GMT)

Year ending: Dec-03

Prior estimate: 1.90

New estimate: 1.40

Rationale: Difficult industry, high EPS targets

Company: Interstate Bakeries (IBC)

Year ending: May-03

Prior estimate: 1.98

New estimate: 1.30

Rationale: Higher costs, competitive environment

Company: Standard Microsystems (SMSC)

Year ending: Feb-03

Prior estimate: 0.09

New estimate: 0.13

Rationale: Company guidance

Dec. 16

Company: Enzo Biochem (ENZ)

Year ending: Jul-03

Prior estimate: 0.26

New estimate: 0.34

Rationale: Strong growth in research products

Company: Reuters Group A (RTRSY)

Year ending: Dec-03

Prior estimate: 0.40

New estimate: 1.18

Rationale: Now reflects operations before restructuring


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