Markets & Finance

Lower Forecast for Boeing


Company: Boeing Co (BA

)

Year ending: Dec-03

Prior estimate: 2.30

New estimate: 2.00

Rationale: Airline industry delivery cancellations

Company: Exxon Mobil (XOM

)

Year ending: Dec-03

Prior estimate: 2.07

New estimate: 2.29

Rationale: Updated oil & gas prices

Company: Occidental (OXY

)

Year ending: Dec-03

Prior estimate: 2.80

New estimate: 3.81

Rationale: Updated oil & gas prices

Company: Paxar Corp (PXR

)

Year ending: Dec-03

Prior estimate: 1.20

New estimate: 0.96

Rationale: Slow to move manufacturing capacity overseas

Company: Siebel Systems (SEBL

)

Year ending: Dec-03

Prior estimate: 0.26

New estimate: 0.20

Rationale: Challenging IT spending environment Apr. 4

Company: Affymetrix (AFFX

)

Year ending: Dec-03

Prior estimate: 0.46

New estimate: 0.27

Rationale: Sharply lower company guidance

Company: Eastman Chemical (EMN

)

Year ending: Dec-03

Prior estimate: 2.00

New estimate: 1.50

Rationale: High raw material costs

Company: PeopleSoft (PSFT

)

Year ending: Dec-03

Prior estimate: 0.65

New estimate: 0.58

Rationale: Weaker IT capital spending

Company: Polycom Inc (PLCM

)

Year ending: Dec-03

Prior estimate: 0.43

New estimate: 0.17

Rationale: Company guidance

Company: STMicroelectronics (STM

)

Year ending: Dec-03

Prior estimate: 0.79

New estimate: 0.62

Rationale: Company guidance, cites customer push-outs


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