1.   The NAO says its estimates could be reduced by improvements in technology, but adds that higher costs may result from stricter health and safety regulations.

2.   Analysts said the company has been suggesting they reduce estimates by a few pennies a share because of difficulties importing cigarettes into the former Soviet Union, analysts said.

3.   Analysts reduced their estimates after the company said severe winter weather had caused temporary shutdowns at several of its plants in the first quarter.

4.   Analysts were expecting the USDA to reduce its estimate, but few looked for the forecast to be this low.

5.   Analysts have reduced estimates for Bankers Trust in the last few weeks.

6.   Ascend Communications Inc. is expected to have higher earnings, although analysts reduced their estimates.

7.   At least one accused the company of selectively steering analysts to reduce their estimates.

8.   Boeing officials say Airbus is reducing its estimates for the size of the market for the jumbo airplane.

9.   A number of analysts are reducing their estimates of increases in the money supply, easing concern that Central Bank Governor Jacob Frenkel would lift rates, Kitri said.

10.   But the company is reducing its estimates of both the number of CDMA phones that are likely to be sold and the average selling price of such phones.