Second, the board believes that more reasonable revenue forecasts for United would not support the company's cost structure as presented in the business plan.

Last week, Microsoft raised its revenue forecast for fiscal 2004 by about $1 billion.

"It seems to us it's very conceivable that a flat revenue forecast for the year makes sense."

White House officials declined to spell out their revenue forecasts.

The stock fell $2.05, or 5 percent, to $38.45 yesterday, in part because the chain missed analysts' revenue forecast.

Regardless, revenue forecasts for the industry continue to foresee strong growth.

"They are $120 million under my revenue forecast, and I was at the low end."

The board says the city is still counting on almost $700 million of dubious spending and revenue forecasts.

Full-year revenue forecast is unchanged at 218 billion to March 31, 2008.

He declined to give a specific revenue forecast for the program, saying that "we expect to see significant growth through the Best Buy relationship."