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Politics : Formerly About Applied Materials
AMAT 249.89+3.1%3:59 PM EST

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To: Kirk © who wrote (38628)10/24/2000 3:29:12 PM
From: Jacob Snyder  Read Replies (2) of 70976
 
CNBC just said:

"KLAC and AMAT getting taken down today, because the Book-To-Bill came out, and it was a negative number, which was a bit disappointing."

Now, let's see.....in order to have a negative ratio, the numerator or denominator has to be negative. Was it bookings or billings that were negative? That is, were there net cancellations of orders, or did the semi-equips pay the semi companies to take their equipment? Of course, if both of those things happened, you'd end up with a positive BTB.

I could give them the benefit of the doubt, and say they meant "negative" in an emotional, not a mathematical, sense.
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