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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: ALTERN8 who wrote (9857)6/21/2001 6:27:09 PM
From: TechTrader42   of 52237
 
thestreet.com

Chip Equipment Orders Fall Yet Again
By TSC Staff

6/21/01 6:20 PM ET

"Semiconductor equipment manufacturers' new orders, or bookings, fell further in May, which could end some hopes that the chip market was about to see a turnaround.

"The three-month average of worldwide bookings for May came in at $704 million, according to the Semiconductor Equipment and Materials International, a trade group. The May figure is 3% off the revised April figure of $723 million and 75% below the year-earlier's $2.78 billion."

"... The closely watched book-to-bill ratio was 0.46, meaning that $46 in new orders were received for every $100 worth of products shipped in the month. In a note Thursday morning, Credit Suisse First Boston said it expected the book-to-bill ratio to come in at 0.55 to 0.66."
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