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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 159.13-4.4%Nov 11 3:59 PM EST

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To: Jim Oravetz who wrote (8381)5/24/2000 7:23:00 AM
From: Jim Oravetz  Read Replies (1) of 10921
 
Chip equipment posts strongest month ever, though book-to-bill drops slightly
Semiconductor Business News
(05/23/00, 09:49:06 AM EDT)
MOUNTAIN VIEW, Calif. -- Orders for semiconductor equipment from North American-based manufacturers were a record in the month of April, the Semiconductor Equipment and Materials International (SEMI) reported here.
The three-month average of worldwide shipments in April 2000 topped $1.9 billion., which was 11% above the March 2000 level, and 76% percent above the April 1999 shipments of $1.1 billion. April shipments came in 18% above the previous cycle peak of $1.6 billion shipped in November 1997.

The industry's book-to-bill ratio of 1.42, however, was a fraction below last month's 1.45 (see April 21 story). A book-to-bill of 1.42 means $142 in orders were received for each $100 worthof products shipped.

The three-month average of bookings in April 2000 was $2.7 billion, which was 8% above March 2000 and 94% above the $1.4 billion posted in April 1999. April bookings came in 68% above the previous bookings cycle peak -- also in November 1997 -- of $1.6 billion.

"The strength in shipments has been expected given the continued order growth over the past two quarters," said Stanley T. Myers, president of SEMI. "Strong chip demand worldwide and new fab activity, especially in the Asia-Pacific region, are fueling a sustained expansion of the semiconductor equipment sector."

semibiznews.com
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