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Politics : Formerly About Applied Materials

AMAT 256.41

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Dec 19 9:30 AM EST

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To: Tito L. Nisperos Jr. who wrote (33322)	11/23/1999 8:10:00 AM
From: yousef hashmi	Read Replies (1) of 70976

-- [B] SEMI: Chip equipment Oct book-to-bill ratio 1.09 -- By Bridge News San Francisco--Nov 22--North American-based semiconductor equipment makers posted an October book-to-bill ratio of 1.09, the Semiconductor Equipment and Materials International trade group reported Monday. The figure means $109 in orders were received for each $100 worth of products shipped. * * * The 3-month average of worldwide shipments in October 1999 was $1.47 billion--a figure 4% above September's level and 72% above the October 1998 shipments of $852 million. The 3-month average of bookings in October 1999 was $1.59 billion. The bookings figure is 6% above September 1999 and 150% above the $638 million posted in October 1998. "The October numbers show that equipment orders are back on track for full recovery," said Stanley Myers, president of SEMI. "The resurgence of the global semiconductor industry, coupled with positive economic and industry forecasts for 2000, appear to be finally spurring growth in capital spending." The report from SEMI comes amid upbeat sentiment from Wall Street, which BancAmerica Securities characterized Monday as "a most unusual confluence of electronics and market trends is already creating visibility for 2001, boosting earnings estimates and one-year price targets." Those factors include accelerating personal computer and server sell-through combined with low original equipment manufacturer inventories; high-speed communications infrastructure traj ectories are rising in response to insatiable bandwidth demand; cable modems are finally hitting stride in the home, with burgeoning adoption of digital subscriber lines; and wireless product cycles are evolving rapidly to data-capable platforms with dramatically greater function and chip content. "Unparalleled visibility for semiconductor end markets, sub trendline capacity investments and lingering industry-wide shortage conditions through 2001, make for average annual revenue growth of 30% to 40% through the next 2 to 3 years. Valuation paranoia in demand-supply opportunities is nowhere near reflected in consensus estimates," said the BancAmerica report. End Bridge News Tel: (415) 835-7647 Send comments to Internet address equity@bridge.com [symbols:US;INTC:US;AMD:US;NSM:US;CNXT:US;TI:US;TIA:IT;TI] Symbols: US;INTC US;AMD US;NSM US;CNXT US;TI US;TIA IT;TI Source [B] - BridgeNews Global Markets Categories: I/SEM I/CMT R/US I/PRF I/TEL CAP/STOCKS CAP/INDEX

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