31. Stock prices fell throughout the week as interest rates rose, and the government reduced its estimates for economic growth this year. 32. That setback may reduce earnings estimates for the current quarter, said Furman Selz analyst Martin Pyykkonen. 33. That prompted many analysts to cut their recommendations on the stock and reduce earnings estimates for the latter half of the year. 34. The Congressional Budget Office radically reduced its estimate of future Medicaid costs on Thursday, relieving pressure on President Clinton and Congress to cut benefits for the poor. 35. The overall weakness in the semiconductor market had already led many analysts to reduce estimates across the board, but the results from Texas Instruments fell far below expectations. 36. This estimate could be reduced due to higher-than-normal rainfall so far this year. 37. This estimate could be reduced because of higher-than-normal rainfall so far this year. 38. Thus, Microsoft reduced its estimate of the future cost of handling unsold software products returned by retailers. 39. Traders, who are reducing their estimates as the harvest provides more precise evidence of the extent of the damage, believe this to be too optimistic. 40. Yet journalists seldom reduce their estimates as time goes by. |