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To: Mr. Aloha who wrote ()	5/20/1998 9:46:00 AM
From: Paul Dieterich	Read Replies (2) of 582

North American Semiconductor Equipment Industry Posts April 1998 Book-to-Bill Ratio of 0.79 MOUNTAIN VIEW, Calif., May 18, 1998 - The North American semiconductor equipment industry posted a book-to-bill ratio of 0.79 for April 1998, it was reported by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.79 means $79 in orders were received for each $100 worth of products shipped. Three-month average shipments increased in April 1998 to $1.4 billion. The figure is one percent above the March 1998 level, and is 23 percent above the April 1997 level. Three-month average bookings decreased in April 1998 to $1.1 billion. The bookings figure is 2.5 percent below the March 1998 level, and 13 percent below the April 1997 level. "This month's results suggest that the bottom may be close," said Dick Greene, principal analyst with SEMI. "The decelerating month over month decline in orders and the modest increase in shipments point to a leveling off of the current cycle." The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average shipments. Shipments and bookings figures are in millions of U.S. dollars.

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