Lower Forecast for AMD

S&P revises earnings estimates for Georgia-Pacific and others

Company: Advanced Micro Devices (AMD )

Year ending: Dec-02

Prior estimate: 0.20

New estimate: 0.10

Rationale: Soft PC demand

Company: Alexander & Baldwin (ALEX )

Year ending: Dec-02

Prior estimate: 1.80

New estimate: 1.40

Rationale: See soft cargo volume

Company: Burlington Resources (BR )

Year ending: Dec-02

Prior estimate: 0.33

New estimate: 0.82

Rationale: Higher natural gas & oil prices

Company: Celestica Inc. (CLS )

Year ending: Dec-02

Prior estimate: 1.50

New estimate: 1.30

Rationale: Slower turnaround in communications market

Company: Cypress Semiconductor (CY )

Year ending: Dec-02

Prior estimate: d0.05

New estimate: d0.10

Rationale: Weak revenues

Company: DirectFocus (DFXI )

Year ending: Dec-02

Prior estimate: 2.36

New estimate: 2.60

Rationale: Strong sales

Company: Georgia-Pacific (GP )

Year ending: Dec-02

Prior estimate: 0.75

New estimate: 1.45

Rationale: Improved pricing in wood products

Company: Lam Research (LRCX )

Year ending: Jun-02

Prior estimate: d0.06

New estimate: d0.02

Rationale: Stronger than expected orders

Company: Northwst Airlines (NWAC )

Year ending: Dec-02

Prior estimate: d3.25

New estimate: d2.51

Rationale: Better than expected first quarter

Company: Plexus Corp. (PLXS )

Year ending: Sep-02

Prior estimate: 0.35

New estimate: 0.25

Rationale: Company guidance, slower upturn in demand

Company: Progressive (PGR )

Year ending: Dec-02

Prior estimate: 7.45

New estimate: 8.40

Rationale: Reflects strong first quarter

Company: Steel Dynamics (STLD )

Year ending: Dec-02

Prior estimate: 0.45

New estimate: 0.80

Rationale: Improving market conditions

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