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Politics : Formerly About Applied Materials
AMAT 223.95+1.7%Nov 21 9:30 AM EST
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To: Teri Skogerboe who wrote (17899)3/19/1998 10:05:00 PM
From: FJB  Read Replies (3) of 70976
 
Teri,

When the book to bill came out the other day, you chose to focus on the 0.92 number.

The issue here is that the B2B is below 1.0, which represents contracting orders, aka, a contracting industry. It is lower this month than last month (a trend that isn't positive).

...

Re-stated, a B2B above 1.0 represents more orders than shipments, a positive thing (growth as opposed to contraction). Below 1.0 is basically the opposite.
Message 3751048

You chose to ignore this part of the report:

Three-month average shipments decreased in February to $1.4 billion, 4 percent below the January level but up 38 percent from February 1997, SEMI said.

Three-month average bookings decreased in February to $1.3 billion, down 5 percent from January but up 17 percent from February 1997.

Ian decided to focus on the positive aspects of the AMAT LB report in the same manner you chose to focus on aspect part of the book to bill.

So is an industry that grows 38% in shipments and 17% in bookings year over year really one in contraction? I guess that depends on your time horizon and point of view.

RE: pissing match

SI has been one huge pissing match for as long as I can remember. Best to drink a lot of fluids.

Bob
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