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Politics : Formerly About Applied Materials

AMAT 268.87

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Jan 2 9:30 AM EST

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From: Gottfried	9/4/2001 6:12:35 PM
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"As Spending Drops, Networkers See the Sky Falling" By Scott Moritz Senior Writer 09/04/2001 04:56 PM EDT thestreet.com excerpt Lower capital spending projections from Lehman Brothers and others Tuesday set off another crying jag in the networking sector. Spending next year will drop at least 19% from this year, according to Lehman's Blake Bath, who last year was among the first on Wall Street to predict the current slowdown. Blake had forecast an 11% spending slump for 2002.

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