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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.38+0.4%Dec 24 4:00 PM EST

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To: Johnny Canuck who wrote (43074)2/16/2006 7:06:00 PM
From: Johnny Canuck  Read Replies (1) of 69211
 
SEMI book-to-bill up near parity


Mark LaPedus
(02/16/2006 6:26 PM EST)
URL: eetimes.com

SAN JOSE, Calif. — Amid a jump in bookings, North American-based manufacturers of semiconductor equipment posted a book-to-bill ratio of 0.97 in January, up from 0.93 in December, according to the Semiconductor Equipment and Materials International (SEMI) trade group on Thursday (Feb. 16).
A book-to-bill of 0.97 means that $97 worth of orders were received for every $100 of product billed for the month. The SEMI book-to-bill is a ratio of three-month moving averages of worldwide bookings and billings for North American-based semiconductor equipment manufacturers.

The three-month average of worldwide bookings was $1.26 billion in January, up 10 percent from the December 2005 level of $1.14 billion and over 27 percent higher than the $986 million in orders posted in January 2005.

The three-month average of worldwide billings in January 2006 was $1.29 billion. The billings figure is over five percent above the final December 2005 level of $1.22 billion and almost three percent higher than the January 2005 billings level of $1.26 billion.

"January 2006 bookings for North American-based semiconductor equipment providers are at the highest level since November of 2004," said Stanley T. Myers, president and CEO of SEMI, in a statement. "These year-end numbers reinforce the optimism in the capital equipment industry, and indicate continued momentum and steady growth for the year ahead."

[Harry: I don't know how a BTB below 1 equates to continued momentum.]
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