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February orders totaled $389 million, compared with January's revised estimated orders of $432 million, the Association for Manufacturing Technology and the American Machine Tool Distributors Associationn said.
In the event of disruption systems will inform shippers/receivers directly of any problem and indicate a revised estimated time of arrival (ETA).
(That's the median between Vernor Vinge's and Ray Kurzweil's revised estimated dates for the Singularity).
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The Labor Department will release a revised estimate on Feb. 28.
The newest projected shortfall is the third revised estimate this year.
Profit came in two cents per share ahead of analysts' recently revised estimates.
A revised estimate of 93 cents a share was expected by analysts, according to First Call/Thomson Financial.
Mr. Dodds did not give a revised estimate for the first quarter.
The revised estimate resulted in an average cost of $80 per tonne.
Now he worries that even his revised estimate might be too high, he said.
The revised estimate is a decline of 5.4percentto to $222.8 billion; the previous estimate was a decline of 4.7percentt.
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