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To: Knighty Tin who wrote (135333)11/20/2001 4:41:34 PM
From: Sully-  Read Replies (1) of 436258
 
North American Semiconductor Equipment Industry Posts October 2001 Book-to-Bill Ratio of 0.71

SAN JOSE, Calif., November 20, 2001 -- The North American-based manufacturers of semiconductor equipment posted $651.1 million in orders in October 2001 and a book-to-bill ratio of 0.71, according to the October 2001 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.71 means that $71 worth of new orders were received for every $100 of product shipped for the month.

The three-month average of worldwide bookings in October 2001 was $651.1 million. The bookings figure is 5.2 percent above the revised September 2001 level of $619.2 million and 78 percent below the $2.99 billion in orders posted in October 2000. October 2000 marked the orders peak of the current cycle.

The three-month average of worldwide billings in October 2001 was $916.2 million. The billings figure is 5.3 percent below the revised September 2001 level of $967.4 billion and is 64 percent below the October 2000 billings level of $2.57 billion. October 2000 also marked the billings peak of the current cycle.

"Excess capacity and weak end-market demand continue to beleaguer the semiconductor equipment industry," said Stanley Myers, president and CEO of SEMI. "While the decline in orders has abated, the average monthly shipment figure continues to weaken and there is no appreciable indication of a near-term trend reversal."

The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average shipments for the North American semiconductor equipment industry. Shipments and bookings figures are in millions of U.S. dollars.
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