Cutting Estimates on Coca-Cola

Company guides forecasts lower on soft volume

Company: Coca-Cola Enterprises (CCE )

Year ending: Dec-01

Prior Estimate: 0.60

New Estimate: 0.46

Rationale: Company cites soft North American volume, competitive pricing

Company: ADC Telecommunications (ADCT )

Year ending: Oct-01

Prior Estimate: 0.50

New Estimate: 0.09

Rationale: Weak telecom spending trends

Company: Corning Inc. (GLW )

Year ending: Dec-01

Prior Estimate: 1.30

New Estimate: 1.14

Rationale: Weak telecom spending trends

Company: International Paper (IP )

Year ending: Dec-01

Prior Estimate: 1.25

New Estimate: 0.70

Rationale: Economic downturn, high energy costs

Company: Pioneer Natural Resources (PXD )

Year ending: Dec-01

Prior Estimate: 2.05

New Estimate: 2.38

Rationale: Continued strength of commodity prices

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