
AT&T Slips 1.2% as Outlook Cut
AT&T
(T) - Get Report
was down 1.2% in midafternoon after
Salomon Smith Barney
lowered its 2001 earnings projection to 80 cents from $1.45 according to
Generally Accepted Accounting Principals
. The brokerage said its new 2001 cash earnings per share estimate is $1.40.