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Technology Stocks : Earnings: Semiconductor
INTC 39.86-0.8%1:14 PM EDT

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To: 2MAR$ who wrote (211)11/20/2003 9:22:20 AM
From: 2MAR$   of 266
 
SEMICONDUCTOR EQUIPMENT INDUSTRY POSTS OCTOBER 2003 BOOK-TO-BILL RATIO OF 1.00
semi.org

SAN JOSE, Calif., November 19, 2003 -- North American-based manufacturers of semiconductor equipment posted $871 million in orders in October 2003 (three-month average basis) and a book-to-bill ratio of 1.00, according to the October 2003 Express Report published today by SEMI. A book-to-bill ratio of 1.00 means that the value of new orders equals the value of product billed for the period.

The three-month average of worldwide bookings in October 2003 was $871.1 million. The bookings figure is 12 percent above the revised September 2003 level of $778.8 million and 12 percent above the $775 million in orders posted in October 2002.

The three-month average of worldwide billings in October 2003 was $873.4 million. The billings figure is eight percent above the revised September 2003 level of $811 million and 13 percent below the October 2002 billings level of $1billion.

"This the first time since August 2002 that the ratio of bookings and billings has reached parity. The October data is a welcome confirmation of improving industry conditions," said Stanley Myers, president and CEO of SEMI. "While the industry must still contend with a challenging economic environment, there is increasing evidence that a recovery is mounting for the semiconductor equipment market."

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.
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