Widening Loss Estimates for Level 3 Communications

S&P also slashes earnings forecast for Dreyer's

Company: Dreyer's Grand Ice Cream (DRYR )

Year ending: Dec-01

Prior estimate: 1.17

New estimate: 0.95

Rationale: Higher than expected commodity costs

Company: Level 3 Communications (LVLT )

Year ending: Dec-01

Prior estimate: d5.05

New estimate: d7.23

Rationale: Higher interest & depreciation

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