Lower Forecast for Schlumberger

S&P revises earnings estimates for Nextel and others

Company: BCE (BCE )

Year ending: Dec-02

Prior estimate: 1.27

New estimate: 1.76

Rationale: Now excludes non-operating costs

Company: Cable Design Technologies (CDT )

Year ending: Jul-03

Prior estimate: 0.51

New estimate: 0.35

Rationale: Weak spending market

Company: C-COR.net (CCBL )

Year ending: Jun-03

Prior estimate: 0.08

New estimate: -0.17

Rationale: Company guidance

Company: Helix Technology (HELX )

Year ending: Dec-02

Prior estimate: -0.33

New estimate: -0.37

Rationale: Weak end markets, lower demand, high costs

Company: McData (MCDTA )

Year ending: Dec-02

Prior estimate: -0.09

New estimate: -0.08

Rationale: Favorable product mix

Company: NEXTEL Communications (NXTL )

Year ending: Dec-02

Prior estimate: -1.00

New estimate: -0.46

Rationale: New estimates include gains

Company: Schlumberger (SLB )

Year ending: Dec-02

Prior estimate: 1.49

New estimate: 1.31

Rationale: Seismic markets still slow

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