Cutting Forecast for IBM

S&P revises earnings estimates for Mentor Graphics and others

Company: InFocus Corp. (INFS )

Year ending: Dec-02

Prior estimate: 0.87

New estimate: d0.15

Rationale: Lower IT spending, weak Yen

Company: International Business Machines (IBM )

Year ending: Dec-02

Prior estimate: 4.85

New estimate: 4.00

Rationale: Preannounced first quarter shortfall

Company: Mentor Graphics (MENT )

Year ending: Dec-02

Prior estimate: 1.24

New estimate: 0.99

Rationale: Company guidance

Company: Park Electrochemical (PKE )

Year ending: Feb-03

Prior estimate: 0.35

New estimate: d0.35

Rationale: Slower turnaround for circuit boards

Company: Standard Microsystems (SMSC )

Year ending: Feb-03

Prior estimate: 0.14

New estimate: 0.20

Rationale: Company guidance

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