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Technology Stocks : Semi Equipment Analysis
SOXX 316.33+1.3%Dec 10 4:00 PM EST

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To: Alastair McIntosh who wrote (7004)11/21/2002 7:17:01 PM
From: Return to Sender  Read Replies (2) of 95561
 
North American Semiconductor Equipment Industry Posts October 2002 Book-to-Bill Ratio of 0.73

SAN JOSE, Calif., November 21, 2002 -- The North American-based manufacturers of semiconductor equipment posted $766 million in orders in October 2002 (three-month average basis) and a book-to-bill ratio of 0.73, according to the October 2002 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.73 means that $73 worth of new orders were received for every $100 of product billed for the month.

The three-month average of worldwide bookings in September 2002 was $766 million. The bookings figure is eight percent below the revised September 2002 level of $832 million yet 19 percent above the $644 million in orders posted in October 2001.

The three-month average of worldwide billings in October 2002 was $1.05 billion. The billings figure is one percent above the revised September 2002 level of $1.04 billion and 18 percent above the October 2001 billings level of $896 million.

"While there are indications that capacity has been added throughout the current downturn at leading-edge fabs, broader-based capacity expansion has been on hold," said Stanley Myers, president and CEO of SEMI. "This trend will continue into 2003 until semiconductor manufacturers have stronger signals regarding the outlook for chip demand."

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.

semi.org!OpenDocument
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