1.   Analysts have begun downgrading their forecasts for David Jones and will now begin trimming predictions for Country Road and Just Jeans, Hickling said.

2.   Analysts cited speculation that Goldman Sachs and Salomon were planning to downgrade their forecasts for Reuters.

3.   Computer related stocks also fell after Toshiba Corp. downgraded its forecast for sales through March, citing increased competition in the U.S. market.

4.   Culverwell said brokers are likely to downgrade earnings forecasts, particularly for this year.

5.   Goldman Sachs and Salomon were not immediately available to comment on speculation quoted by analysts that they plan to downgrade their forecasts for Reuters, analysts said.

6.   Harry Philips, an analyst with Panmure Gordon, said the higher-than-expected charges and trading statement would prompt brokers to downgrade earnings forecasts.

7.   Last week, several analysts downgraded their forecasts for SkillSoft, citing market conditions.

8.   On Tuesday, Wakabayashi downgraded his forecast for Hosiden Corp., citing lowered prices for liquid crystal display screens.

9.   On Tuesday, Wakabayashi downgraded his forecast for Hosiden Corp., citing lowered prices for liquid crystal displays.

10.   Problems in Brazil have prompted analysts to downgrade their forecasts for Fiat.