Raising Forecast for EMC

S&P also changes estimates for Broadcom, Tribune, and others

Company: Amerada Hess (AHC )

Year ending: Dec-02

Prior estimate: 8.25

New estimate: 5.07

Rationale: Lower commodity prices

Company: Avnet Inc. (AVT )

Year ending: Jun-02

Prior estimate: d0.12

New estimate: d0.02

Rationale: Strong computer business, cost cuts

Company: Ball Corp. (BLL )

Year ending: Dec-02

Prior estimate: 4.30

New estimate: 5.05

Rationale: Tight capacity, cost cuts

Company: Broadcom (BRCM )

Year ending: Dec-02

Prior estimate: d0.10

New estimate: d0.15

Rationale: Weak revenue growth

Company: Citrix Systems (CTXS )

Year ending: Dec-02

Prior estimate: 1.06

New estimate: 0.87

Rationale: Cautious on the first quarter

Company: EMC Corp. (EMC )

Year ending: Dec-02

Prior estimate: 0.01

New estimate: 0.05

Rationale: Acceleration of cost cutting efforts

Company: First Data (FDC )

Year ending: Dec-02

Prior estimate: 2.82

New estimate: 3.28

Rationale: Better than expected revenues

Company: Georgia-Pacific (GP )

Year ending: Dec-02

Prior estimate: 0.60

New estimate: 0.75

Rationale: Strong consumer products segments

Company: Pepsi Bottling (PBG )

Year ending: Dec-02

Prior estimate: 1.12

New estimate: 1.45

Rationale: Absence of goodwill amortization

Company: Pogo Producing (PPP )

Year ending: Dec-02

Prior estimate: 1.25

New estimate: 0.81

Rationale: Higher production and natural gas prices

Company: PowerOne (PWER )

Year ending: Dec-02

Prior estimate: d0.05

New estimate: d0.20

Rationale: Slower rebound than expected

Company: RJ Reynolds Tobacco (RJR )

Year ending: Dec-02

Prior estimate: 4.80

New estimate: 8.15

Rationale: Elimination of goodwill amortization

Company: Siebel Systems (SEBL )

Year ending: Dec-02

Prior estimate: 0.56

New estimate: 0.62

Rationale: Better than expected results

Company: Tribune Co. (TRB )

Year ending: Dec-02

Prior estimate: 1.05

New estimate: 0.79

Rationale: Slower than expected recovery

Company: UnitedHealth Group (UNH )

Year ending: Dec-02

Prior estimate: 3.25

New estimate: 3.63

Rationale: Goodwill nonamortization gain

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