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Higher Forecast for Stewart & Stevenson

Company: Stewart & Stevenson (SVC)

Year ending: Jan-03

Prior estimate: 0.64

New estimate: 0.72

Rationale: Company guidance, new margin assumption

Jan. 3

Company: Cabot Corp (CBT)

Year ending: Sep-03

Prior estimate: 2.25

New estimate: 2.00

Rationale: Lower tantalum profits

Company: Cadence Design (CDN)

Year ending: Dec-03

Prior estimate: 0.85

New estimate: 0.50

Rationale: Company guidance

Company: Celestica (CLS)

Year ending: Dec-03

Prior estimate: 1.06

New estimate: 0.84

Rationale: Delayed demand improvement

Company: Forest Labs (FRX)

Year ending: Mar-04

Prior estimate: 3.80

New estimate: 3.40

Rationale: Rapidly expanding Celexa/Lexapro sales

Company: Loews Corp (LTR)

Year ending: Dec-03

Prior estimate: 7.30

New estimate: 6.30

Rationale: Spinoff of tobacco operations

Company: Midway Games (MWY)

Year ending: Dec-03

Prior estimate: 0.60

New estimate: 0.11

Rationale: Sharply lower sales in most titles

Company: Sealed Air (SEE)

Year ending: Dec-03

Prior estimate: 2.70

New estimate: 2.43

Rationale: Asbestos claims settlement

Company: United Rentals (URI)

Year ending: Dec-03

Prior estimate: 1.32

New estimate: 1.08

Rationale: Slower expansionary spending recovery

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