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Cutting Forecast for ImClone


Company: ImClone Systems (IMCL)

Year ending: Dec-02

Prior estimate: 0.30

New estimate: d0.44

Rationale: Delay in potential drug approval

Company: ONI Systems (ONIS)

Year ending: Dec-02

Prior estimate: 0.13

New estimate: d0.40

Rationale: Sharp drop in metro revenues

Company: Valero Energy (VLO)

Year ending: Dec-02

Prior estimate: 3.50

New estimate: 5.12

Rationale: Completion of merger with UDS

DEC. 28

Company: Ford Motor (F)

Year ending: Dec-02

Prior estimate: 0.22

New estimate: d0.34

Rationale: Concerns over sales pressure, margin


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