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We cut base case forecasts of Arm's CPU share in smartphones to 72% from 86% in 2014 and beyond.
Many are already assumed in our modelling but key new cost guidance (better than expected) assists our base case forecasts.
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The International Energy Organization's central base case forecast for Iraqi production is 4.2 million barrels per day by 2015 and 6.1 million by 2020.
Launching the outlook, Dale denied the base case forecast was one the company planned its business round but said it was up to ministers to find wider solutions to climate change.
On our new numbers Lonmin will likely breach covenants until 2014 under our base case price forecasts.
On our base case (and spot) forecasts net debt will climb close to $700m by the end of 2013 (or in 12 months time).
"We have used a base case assumption of a £200m issuance, as, on our forecasts, this is required to take the net debt/earnings ratio below 3x for 2009.
The company produced alternative forecasts for global energy demand based on China and India growing at 4% a year rather than the 5.5% a year expected in the base case.
Base Case.
This was used as the base case.
Prove a base case for the problem.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com