Higher Forecast for GTECH Holdings

S&P revises earnings estimates for Technitrol and others

Company: ESS Technology (ESST )

Year ending: Dec-02

Prior estimate: 1.44

New estimate: 1.06

Rationale: Third-quarter guidance, lost market share

Company: GTECH Holdings (GTK )

Year ending: Feb-03

Prior estimate: 1.77

New estimate: 2.15

Rationale: Company guidance, better than expected second quarter

Company: Rockwell Automation (ROK )

Year ending: Sep-02

Prior estimate: 0.80

New estimate: 0.94

Rationale: One-time items, company guidance

Company: Sonoco Products (SON )

Year ending: Dec-02

Prior estimate: 1.67

New estimate: 1.45

Rationale: Greaters costs of OCC

Company: Technitrol (TNL )

Year ending: Dec-02

Prior estimate: 0.10

New estimate: 0.05

Rationale: Third-quarter guidance, delayed recovery

SEPT. 12

Company: Alcatel ADS (ALA )

Year ending: Dec-02

Prior estimate: -1.35

New estimate: -1.02

Rationale: Excluding certain non-recurring charges

Company: Colonial Properties (CLP )

Year ending: Dec-02

Prior estimate: 2.05

New estimate: 2.88

Rationale: One-time gain on property disposition

Company: Frontier Oil (FTO )

Year ending: Dec-02

Prior estimate: -0.37

New estimate: -0.41

Rationale: Weak refining margins

Company: Koninklijke Philips (PHG )

Year ending: Dec-02

Prior estimate: 0.57

New estimate: 0.50

Rationale: Lower expectations for semiconductor business

Company: Power-One (PWER )

Year ending: Dec-02

Prior estimate: -0.20

New estimate: -0.30

Rationale: Sees extended communications sector weakness

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