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Technology Stocks : Hewlett-Packard (HPQ)
HPQ 25.39+1.3%Dec 9 3:59 PM EST

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To: Charles Tutt who wrote (1429)7/20/2002 3:06:52 PM
From: Elwood P. Dowd   of 4345
 
Friday July 19, 9:13 pm Eastern Time
Semiconductor Book-to-Bill -2: Rebound Seen In 2003, 2004

SAN JOSE -(Dow Jones)- North American-based manufacturers of semiconductor equipment posted $1.16 billion in orders in June and a book-to-bill ratio of 1.28, according to the June Express Report published Friday by Semiconductor Equipment and Materials International.

A book-to-bill of 1.28 means that $128 worth of new orders were received for every $100 of product billed for the month.

"While there are concerns about the strength of improvements this year, seven months of sequential bookings growth and our recent industry consensus survey support expectations for a market rebound in 2003 and 2004," Stanley Myers, president and chief executive of SEMI, said in a press release Friday evening.
The three-month average of worldwide bookings in June was $1.16 billion. The bookings figure is 5% above the revised May level of $1.11 billion and 59% above the $731 million in orders of June 2001 .

The three-month average of worldwide billings in June was $906 million. The billings figure is 4% above the revised May level of $869.6 million and 33% below the June 2001 billings level of $1.36 billion.

Despite the positive trends, chip giants makers Intel Corp. (NasdaqNM: INTC - News) and Advanced Micro Devices Inc. both reported quarterly results this week that fell short of Wall Street expectations. Intel also said it would cut about 4, 000 jobs, or 5% of its work force.

Organization Web site semi.org

-Ralph Tasgal; Dow Jones Newswires; 201-938-5400
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