INDUSTRY OUTLOOK 2002
Overview

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JANUARY 14, 2002
SPECIAL REPORT -- INDUSTRY OUTLOOK 2002 -- OVERVIEW
LEADERS
PHARMACEUTICALS
New blockbusters could rack up billions in sales, despite political pressure on drug prices
INSURANCE
Skyrocketing premiums will help insurers restore assets decimated by the 9-11 disaster
SEMICONDUCTORS
After the worst downturn ever, the bounceback in chip sales could surprise skeptics
DEFENSE
Commercial jetliner sales will be down, but the war on terrorism will buoy weapons spending
LAGGARDS
AUTOMOTIVE
Detroit's 0% financing lifted 2001 sales, but hurt profits-and dragged down prospects for this year
TRAVEL
Fear of terrorism will keep airplane seats empty, resulting in vacant hotel rooms and fewer car rentals
TELECOM
As businesses cut spending on communications equipment, expectations for a recovery grow faint
METALS
Even with a government bailout, import protection, and consolidation, steelmakers will be in dire straits

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