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Lower Estimate for Coherent

Company: Coherent Inc. (COHR)

Year ending: Sep-02

Prior estimate: 0.46

New estimate: 0.32

Rationale: Weak end markets

Company: Louisiana-Pacific (LPX)

Year ending: Dec-02

Prior estimate: 0.10

New estimate: 0.04

Rationale: Weak oriented strand board pricing

Company: Pentair Inc. (PNR)

Year ending: Dec-02

Prior estimate: 2.50

New estimate: 2.80

Rationale: Optimistic outlook for key water products

Company: Solutia Inc. (SOI)

Year ending: Dec-02

Prior estimate: 0.50

New estimate: 0.70

Rationale: Better than expected second quarter

Company: Verity Inc. (VRTY)

Year ending: May-03

Prior estimate: 0.40

New estimate: 0.34

Rationale: Weak business spending on software

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