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To: DavidG who wrote (16488)	1/20/1999 10:04:00 PM
From: Moonray	of 25814

Chips on fire as equipment orders rise Numbers indicate much-awaited turnaround CBS MarketWatch - Last Update: 4:21 PM ET Jan 20, 1999 SAN FRANCISCO (CBS.MW) -- Semiconductor stocks shot higher Wednesday after an industry group reported orders for chip equipment rose in December, indicating a turnaround for chip-makers. The North American Semiconductor Equipment Industry released its book-to-bill ratio data Tuesday night, reporting that for every $94 in orders received, $100 worth of products were shipped. In industry terms, that means a book-to-bill ratio of 0.94, which came in above some analysts' estimates. Goldman Sachs semiconductor analyst Gunnar Miller expected a book-to-bill ratio of 0.84, or $84 in orders received for each $100 in products shipped. "The Street is likely to interpret this report positively," he said before the stock market opened Wednesday. And it did: The Philadelphia Semiconductor Index gained 3.8 percent vs. a 0.3 percent gain in the Nasdaq. See Silicon Stocks The North American Semiconductor Equipment Industry's book-to-bill ratio is compiled monthly. It averages orders-to-shipment ratios over a three- month period. More at: cbs.marketwatch.com o~~~ O

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