Earnings Estimate Cut for Vitesse Semiconductor

S&P sees sharp decline in orders at chip maker

Company: American Greetings (AM )

Year ending: Feb-02

Prior estimate: 2.85

New estimate: 1.10

Rationale: Retail inventory & pricing pressures

Company: Conexant System (CNXT )

Year ending: Sep-01

Prior estimate: d0.22

New estimate: d0.95

Rationale: Weak industry conditions

Company: Stilwell Financial (SV )

Year ending: Dec-01

Prior estimate: 2.85

New estimate: 2.20

Rationale: Lower assets under management

Company: US Industries (USI )

Year ending: Sep-01

Prior estimate: 1.20

New estimate: 0.90

Rationale: See weak domestic bath & spa

Company: USG Corp. (USG )

Year ending: Dec-01

Prior estimate: 3.25

New estimate: 2.10

Rationale: Reflects ever weaker wallboard prices

Company: Vitesse Semiconductors (VTSS )

Year ending: Sep-01

Prior estimate: 0.95

New estimate: 0.63

Rationale: Rapid decline in orders

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