With such changes, the Scottish executive estimated that the scheme would cost £50 million.

For the full year, executives estimated that the parent company could lose $1.5 billion or so.

The rest was in options and restricted shares of Lehman stock, whose value the company's executives could only estimate.

The executive also estimates that the film's worldwide marketing budget may exceed $100 million.

Analysts and executives estimate a successful drug could have annual sales of several hundred million dollars.

Financial executives had estimated the sale price at well under $1 billion for the 24 Field's stores.

The executives estimated that the four major Japanese firms bought about $1.5 billion worth of the 10-year notes.

The executives polled estimated that the economy would grow 2.2 percent this year.

An executive of one club estimated that the additional money for salaries could be $50,000 to $60,000.

At Chase, executives estimate that more than 3,000 employees might be cut, out of its work force of 42,000.