SEMI: "June 2002 Book-to-Bill Ratio = 1.28"
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"S&P Lowers Chip Equipment Stocks", 7/18/02:
businessweek.com
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>>>JULY 18, 2002
S&P Lowers Chip Equipment Stocks
...Applied Materials (AMAT ), Credence (CMOS ), Rudolph (RTEC ): Downgrades to 2 STARS (avoid) from 3 STARS (hold);
...Brooks-PRI (BRKS ): Downgrades to 3 STARS (hold) from 4 STARS (accumulate)
Initial second quarter earnings reports from top chip equipment makers indicate a marked slowdown in order growth in the second half of the year. This has been confirmed by weak reports from Intel and expectations of much slower second half growth at Taiwan foundries -- the mainstay of the current recovery. With valuations of many stocks in the group still well above their historical troughs, S&P continues to see some as over-valued.<<<
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>>> North American Semiconductor Equipment Industry Posts June 2002 Book-to-Bill Ratio of 1.28
SAN JOSE, Calif., July 19, 2002 -- The North American-based manufacturers of semiconductor equipment posted $1.16 billion in orders in June 2002 (three-month average basis) and a book-to-bill ratio of 1.28, according to the June 2002 Express Report published today by Semiconductor Equipment and Materials International (SEMI).
A book-to-bill of 1.28 means that $128 worth of new orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in June 2002 was $1.16 billion. The bookings figure is five percent above the revised May 2002 level of $1.11 billion and 59 percent above the $731 million in orders posted in June 2001.
The three-month average of worldwide billings in June 2002 was $906 million. The billings figure is four percent above the revised May 2002 level of $869.6 million and 33 percent below the June 2001 billings level of $1.36 billion.
"Amidst mixed signals about capital spending plans from global chip makers, the North American-based semiconductor equipment industry has posted several months of incremental billings growth," said Stanley Myers, president and CEO of SEMI. "While there are concerns about the strength of improvements this year, seven months of sequential bookings growth and our recent industry consensus survey support expectations for a market rebound in 2003 and 2004."
The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average billings for the North American semiconductor equipment industry. Billings and bookings figures are in millions of U.S. dollars.
Billings Bookings Book-to-Bill
(Three-month avg.) (Three-month avg.)
January 2002 799.9 645.2 0.81
February 2002 818.0 737.2 0.90
March 2002 797.6 835.9 1.05
April 2002 814.6 995.6 1.22
May 2002 (final) 869.6 1,105.2 1.27
June 2002(prelim.) 906.4 1,159.1 1.28
The data contained in this release was compiled by David Powell, Inc., an independent financial services firm, without audit, from data submitted directly by the participants. SEMI and David Powell, Inc. can assume no responsibility for the accuracy of the underlying data.
The data are contained in a monthly Express Report published by SEMI that tracks billings and orders worldwide of North American-based manufacturers of equipment used to manufacture semiconductor devices, not billings and orders of the chips themselves. The July 2002 Express Report is scheduled for publication on August 20, 2002 (subject to change).
Based in San Jose, Calif., SEMI is an international industry association serving more than 2,500 companies participating in the semiconductor and flat panel display equipment and materials markets. SEMI maintains offices in Austin, Beijing, Boston, Brussels, Hsinchu, Moscow, Seoul, Singapore, Tokyo and Washington, D.C. For more information, visit SEMI on the Internet at www.semi.org.
INDUSTRY/IR CONTACT:
Dan Tracy/SEMI
Ph: 408.943.7987
E-mail: dtracy@semi.org
MEDIA CONTACT:
Michael Droeger/SEMI
Ph: 408.943.6953
E-mail: mdroeger@semi.org <<< |
