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Reducing Estimates for Bear Stearns

Company: Bear Stearns (BSC)

Year ending: Jun-01

Prior estimate: 5.65

New estimate: 4.95

Rationale: Weak capital markets

Company: Eastman Kodak (EK)

Year ending: Dec-01

Prior estimate: 4.65

New estimate: 3.94

Rationale: Reflects less optimistic outlook

Company: Koninklijke (PHG)

Year ending: Dec-01

Prior estimate: 0.90

New estimate: 0.45

Rationale: Weaker than expected demand

Company: PMC-Sierra (PMCS)

Year ending: Dec-01

Prior estimate: 0.38

New estimate: 0.09

Rationale: Reflects customer weakness

Company: Vishay Intertechnology (VSH)

Year ending: Dec-01

Prior estimate: 1.91

New estimate: 1.67

Rationale: Slower economic conditions

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