Lower Forecast for Boeing

S&P revises earnings estimates for Siebel Systems and others

Company: Boeing Co (BA )

Year ending: Dec-03

Prior estimate: 2.30

New estimate: 2.00

Rationale: Airline industry delivery cancellations

Company: Exxon Mobil (XOM )

Year ending: Dec-03

Prior estimate: 2.07

New estimate: 2.29

Rationale: Updated oil & gas prices

Company: Occidental (OXY )

Year ending: Dec-03

Prior estimate: 2.80

New estimate: 3.81

Rationale: Updated oil & gas prices

Company: Paxar Corp (PXR )

Year ending: Dec-03

Prior estimate: 1.20

New estimate: 0.96

Rationale: Slow to move manufacturing capacity overseas

Company: Siebel Systems (SEBL )

Year ending: Dec-03

Prior estimate: 0.26

New estimate: 0.20

Rationale: Challenging IT spending environment

Apr. 4

Company: Affymetrix (AFFX )

Year ending: Dec-03

Prior estimate: 0.46

New estimate: 0.27

Rationale: Sharply lower company guidance

Company: Eastman Chemical (EMN )

Year ending: Dec-03

Prior estimate: 2.00

New estimate: 1.50

Rationale: High raw material costs

Company: PeopleSoft (PSFT )

Year ending: Dec-03

Prior estimate: 0.65

New estimate: 0.58

Rationale: Weaker IT capital spending

Company: Polycom Inc (PLCM )

Year ending: Dec-03

Prior estimate: 0.43

New estimate: 0.17

Rationale: Company guidance

Company: STMicroelectronics (STM )

Year ending: Dec-03

Prior estimate: 0.79

New estimate: 0.62

Rationale: Company guidance, cites customer push-outs

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