Phone companies' plunging capital spending projections ($billions) 

Company             2002       2001    % change    $ change
 
Verizon            $14.0*      $17.5       -20%      -$3.5 
AT&T                11.0        14.0       -21        -3.0 
SBC                  9.6        12.0       -20        -2.4 
WorldCom             5.8         7.5       -23        -1.7 
Qwest                5.5         8.5       -35        -3.0 
BellSouth            4.6*        5.7       -20        -1.1 
Sprint (FON:NYSE)    4.0         5.4       -20        -1.4 

Total              $54.5       $70.6      -22.7%    -%16.1 

*Company has offered no projections;
2002 figure extrapolated, assuming a
20% cut from 2001 level. 

Source: Companies, Detox.

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