Higher Forecast for JD Edwards

S&P revises earnings estimates for Saks and others

Company: ADC Telecommunications (ADCT )

Year ending: Oct-02

Prior estimate: d0.13

New estimate: d0.17

Rationale: Lower sales gains

Company: JD Edwards (JDEC )

Year ending: Oct-02

Prior estimate: 0.24

New estimate: 0.28

Rationale: Better than expected second quarter

Company: Valero Energy (VLO )

Year ending: Dec-02

Prior estimate: 5.12

New estimate: 2.63

Rationale: Reflects company's guidance

MAY 22

Company: Saks Inc. (SKS )

Year ending: Jan-03

Prior estimate: 0.41

New estimate: 0.50

Rationale: Improved gross margins

Company: Vornado Realty (VNO )

Year ending: Dec-02

Prior estimate: 2.65

New estimate: 2.27

Rationale: Applications of SFAS 142 & 144

MAY 21

Company: Aspect Communications (ASPT )

Year ending: Dec-02

Prior estimate: d0.61

New estimate: d0.25

Rationale: Better results due to cost cutting

Company: ChevronTexaco (CVX )

Year ending: Dec-02

Prior estimate: 3.75

New estimate: 4.48

Rationale: Updated market outlook

Company: Legato Systems (LGTO )

Year ending: Dec-02

Prior estimate: 0.01

New estimate: d0.02

Rationale: Dilution of recent acquisition

Company: Lucent Technologies (LU )

Year ending: Sep-02

Prior estimate: d0.68

New estimate: d0.57

Rationale: Better costs controls

Company: Visteon Corp. (VC )

Year ending: Dec-02

Prior estimate: 0.28

New estimate: 0.62

Rationale: Strong auto sales & production

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