Cutting Forecast for McData

S&P revises earnings esitmates for Bristol-Myers Squibb and others

Company: Legato Systems (LGTO )

Year ending: Dec-02

Prior estimate: 0.04

New estimate: 0.01

Rationale: Lower than expected revenues

Company: McData Corp. (MCDT )

Year ending: Dec-02

Prior estimate: 0.10

New estimate: 0.05

Rationale: Order reductions

APR. 4

Company: Bristol-Myers Squibb (BMY )

Year ending: Dec-02

Prior estimate: 2.25

New estimate: 1.40

Rationale: Wholesale inventory buildup

Company: Check Point Software (CHKP )

Year ending: Dec-02

Prior estimate: 1.33

New estimate: 1.18

Rationale: Sees lower than expected first quarter results

Company: Supervalu (SVU )

Year ending: Feb-03

Prior estimate: 1.94

New estimate: 2.29

Rationale: Goodwill accounting change

Company: Western Digital (WDC )

Year ending: Jun-02

Prior estimate: 0.11

New estimate: 0.20

Rationale: Better product volume

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