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Politics : Stockman Scott's Political Debate Porch

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To: lurqer who wrote (20533)	6/20/2003 3:00:06 PM
From: Sully-	Read Replies (1) of 89467

Well said lurq...... This should be another indicator when you consider how far SOX equities have run lately....... North American Semiconductor Equipment Industry Posts May 2003 Book-to-Bill Ratio of 0.89 SAN JOSE, Calif., June 17, 2003 -- North American-based manufacturers of semiconductor equipment posted $751 million in orders in May 2003 (three-month average basis) and a book-to-bill ratio of 0.89, according to the May 2003 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.89 means that $89 worth of new orders were received for every $100 of product billed for the month. <font size=5>The three-month average of worldwide bookings in May 2003 was $751 million. The bookings figure is one percent below the revised April 2003 level of $757 million and 32 percent below the $1.11 billion in orders posted in May 2002. The three-month average of worldwide billings in May 2003 was $840 million. The billings figure is even with the revised April 2003 level and 3.5 percent below the May 2002 billings level of $870 million. "The outlook for front-end equipment remains sluggish, suggesting a single-digit recovery this year, although some analysts remain hopeful for the possibility of 10-15 percent billings growth in 2003," said Stanley Myers, president and CEO of SEMI. "Conditions are more positive for the test, assembly and packaging segment, which continues to post modest gains and could experience a double-digit recovery this year."<font size=3> 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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