Lower Forecast for Tenet Healthcare

S&P revises earnings estimates for Mentor Graphics and others

Company: ADC Telecom (ADCT )

Year ending: Oct-03

Prior estimate: -0.24

New estimate: -0.07

Rationale: Aggressive cost reductions

Company: ADVANTA (ADVNA )

Year ending: Dec-04

Prior estimate: 1.75

New estimate: 1.28

Rationale: Weaker credit quality; lower sales

Company: Alcatel (ALA )

Year ending: Dec-03

Prior estimate: -0.26

New estimate: -0.43

Rationale: Weak telecom market

Company: Charter Communications (CHTR )

Year ending: Dec-03

Prior estimate: -1.99

-2.19 New estimate: Softer outlook

Company: Chesapeake Energy (CHK )

Year ending: Dec-03

Prior estimate: 0.31

New estimate: 0.41

Rationale: Reflects acquisition

Company: DuPont Photomasks (DPMI )

Year ending: Jun-03

Prior estimate: -0.85

New estimate: -0.95

Rationale: Company guidance

Company: Hughes Electronics (GMH )

Year ending: Dec-03

Prior estimate: -0.05

New estimate: -0.08

Rationale: Lower profitability

Company: Integrated Device (IDTI )

Year ending: Mar-04

Prior estimate: 0.15

New estimate: 0

Rationale: Soft demand; charges; third-quarter warning

Company: Korn/Ferry Int. (KFY )

Year ending: Apr-03

Prior estimate: -0.05

New estimate: -0.20

Rationale: Second-quarter loss, lower third-quarter guidance from company

Company: Mentor Graphics (MENT )

Year ending: Dec-03

Prior estimate: 0.70

New estimate: 0.51

Rationale: Company guidance

Company: Staten Island Bancorp (SIB )

Year ending: Dec-03

Prior estimate: 1.65

New estimate: 1.96

Rationale: Improved interest rate outlook

Company: Tenet Healthcare (THC )

Year ending: May-03

Prior estimate: 2.90

New estimate: 2.45

Rationale: See halt of Medicare outlier payments

Dec. 3

Company: Inhale Therapeutic (INHL )

Year ending: Dec-03

Prior estimate: -1.40

New estimate: -1.80

Rationale: See sharply higher R&D, other expenses

Company: NEXTEL Communications (NXTL )

Year ending: Dec-03

Prior estimate: 0.43

New estimate: 0.60

Rationale: New technology, debt repays cut costs

Company: Patina Oil & Gas (POG )

Year ending: Dec-03

Prior estimate: 2.78

New estimate: 3.05

Rationale: Recent acquisitions

Company: Texas Instruments (TXN )

Year ending: Dec-03

Prior estimate: 0.40

New estimate: 0.35

Rationale: Lower revenue outlook

Dec. 2

Company: Goodyear Tire (GT )

Year ending: Dec-03

Prior estimate: 0.90

New estimate: 0.09

Rationale: Reduced sales outlook; pension costs

Company: IMC Global (IGL )

Year ending: Dec-03

Prior estimate: 0.80

New estimate: 0.50

Rationale: Lower company guidance

Company: Level 3 Communications (LVLT )

Year ending: Dec-03

Prior estimate: -2.48

New estimate: -2.21

Rationale: Acquisition of GENU assets

Company: Potash (POT )

Year ending: Dec-03

Prior estimate: 2.00

New estimate: 1.50

Rationale: Company guidance

Company: TriQuint Semiconductor (TQNT )

Year ending: Dec-03

Prior estimate: 0.12

New estimate: -0.10

Rationale: Weaker first-quarter guidance

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