  While the low dispersion IUE NEWSIPS data products represent a significant
improvement over original IUE SIPS data, they still contain serious systematic
effects which compromise their utility for certain applications. We show that
NEWSIPS low resolution data are internally consistent to only 10-15% at best,
with the majority of the problem due to time dependent systematic effects. In
addition, the NEWSIPS flux calibration is shown to be inconsistent by nearly
10%.
  We examine the origin of these problems and proceed to formulate and apply
algorithms to correct them to ~ 3% level -- a factor of 5 improvement in
accuracy. Because of the temporal systematics, transforming the corrected data
to the IUE flux calibration becomes ambiguous. Therefore, we elect to transform
the corrected data onto the HST FOS system. This system is far more
self-consistent, and transforming the IUE data to it places data from both
telescopes on a single system.
  Finally, we argue that much of the remaining 3% systematic effects in the
corrected data is traceable to problems with the NEWSIPS intensity
transformation function (ITF). The accuracy could probably be doubled by
rederiving the ITF.
