Cutting Forecast for Gateway

S&P revises earnings estimates for Foundry Networks and others

Company: Alaska Air (ALK )

Year ending: Dec-02

Prior estimate: d1.50

New estimate: d0.70

Rationale: Improving passenger levels

Company: CommScope (CTV )

Year ending: Dec-02

Prior estimate: 1.00

New estimate: 0.66

Rationale: Lower company guidance

Company: Foundry Networks (FDRY )

Year ending: Dec-02

Prior estimate: 0.15

New estimate: 0.08

Rationale: Hard time competing vs. big players

Company: Gateway (GTW )

Year ending: Dec-02

Prior estimate: d0.10

New estimate: d0.45

Rationale: Company guidance

Company: Riverstone (RSTN )

Year ending: Feb-03

Prior estimate: 0.26

New estimate: 0.15

Rationale: Delayed infrastructure spending

Company: Thomas & Betts (TNB )

Year ending: Dec-02

Prior estimate: 0.55

New estimate: 0.25

Rationale: Weak sales, added charges

Company: Trinity Industries (TRN )

Year ending: Dec-02

Prior estimate: 0.95

New estimate: Nil

Rationale: Continued weak railcar demand

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