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Lower Forecast for Kulicke & Soffa

Company: Kulicke & Soffa (KLIC)

Year ending: Sep-02

Prior estimate: d0.10

New estimate: d0.34

Rationale: Continued weakness in industry

DEC. 13

Company: Korn/Ferry (KFY)

Year ending: Apr-02

Prior estimate: d0.15

New estimate: d0.30

Rationale: Weaker recovery in 2002

Company: Yellow Corp. (YELL)

Year ending: Dec-02

Prior estimate: 2.65

New estimate: 1.80

Rationale: Longer than expected economic slowdown

DEC. 12

Company: Calpine Corp. (CPN)

Year ending: Dec-02

Prior estimate: 2.53

New estimate: 2.00

Rationale: Reduction in generation growth

Company: Valero Energy (VLO)

Year ending: Dec-02

Prior estimate: 4.45

New estimate: 3.50

Rationale: Weaker projected refining margins

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