The analyst cut his estimate by only 6 cents, to $4.86 a share.

At least two analysts cut their 1992 earnings estimates on the computer software company, traders said.

For these reasons and others, some analysts cut earnings estimates.

After the conference call today, several analysts cut their estimates.

Shares fell more than 11 percent as one analyst cut his sales forecast for the company.

"Every analyst in the industrial world has been cutting estimates drastically over the last couple of months," he said.

On average, analysts cut their earnings estimates by 1 percent a month.

Some analysts cut their rating of the stock on the news.

Many analysts, however, still think the Fed will cut rates by one-half of a percentage point.

He added that analysts were cutting their forecasts for the first quarter.