Semiconductor industry is healthy
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 8:24 PM ET Jun 20, 2000 NewsWatch
Latest headlines
SAN JOSE, Calif. (CBS.MW) -- Semiconductor sales remain robust for the entire industry, according to Semiconductor Equipment and Materials International, an industry trade association.
SEMI reported May was another record month for shipments according to its book-to-bill ratio, which measures orders received per order shipped.
May?s book-to-bill ratio was 1.3, with a record number of orders received and orders shipped.
"While the rate of growth is moderating and may reflect a second-quarter adjustment, the May data represents the eighth consecutive month of continued bookings growth and record order levels for semiconductor manufacturing equipment," said Stanley T. Myers, president of SEMI.
Despite the record number of orders, the ratio has been declining the last two months.
April?s ratio was a revised 1.37 and March?s was 1.46.
Semiconductor stocks had a strong showing Tuesday, with Rambus and Intel leading the sector. The Philadelphia Semiconductor Index ($SOX) rose 2.4 percent. Intel (INTC: news, chart) shares rose 1 13/16 to 138 5/16. Rambus? (RMBS: news, chart) stock rose 3 9/16 to 94 13/16.
--------------------------------------------------------------------------------
Chris Kraeuter is a reporter for CBS.MarketWatch.com.
Backflip this article to find it again
AOL Keyword: MarketWatch
-------------------------------------------------------------------------------- |
