Cutting Earnings Estimates on Intel

S&P sees weakening demand affecting bottom line

Company: Amkor Technology (AMKR )

Year ending: Dec-01

Prior estimate: 1.30

New estimate: 0.25

Rationale: Continued weakness in the semiconductor industry.

Company: Intel Corp. (INTC )

Year ending: Dec-01

Prior estimate: 1.15

New estimate: 0.82

Rationale: Weaker than expected demand

Company: Navistar International (NAV )

Year ending: Oct-01

Prior estimate: 2.50

New estimate: 1.00

Rationale: Pullback in truck demand hurts EPS

Company: Teradyne Inc. (TER )

Year ending: Dec-01

Prior estimate: 1.75

New estimate: 1.05

Rationale: Reduced demand for chips

Company: USFreightways Corp. (USFC )

Year ending: Dec-01

Prior estimate: 3.80

New estimate: 3.25

Rationale: Economic slowdown

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