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To: The Duke of URL© who wrote (110691)	9/22/2000 12:18:37 AM
From: Sulcus Fan	Read Replies (2) \| Respond to of 186894

FACT: BOOK TO BILL: up to 1.24 from 1.23 (3 reasons to back up the truck) 3 reasons to back up the truck and load up ----------------------------------------------------------- A poster made me aware of the following info: ********************************************************************************************************* 1) book to bill - up to 1.24 from 1.23 ******************************************************************************************************* jc-news.com ******************************************************************************************************* 2) You make most of your money in technology from October through March" ******************************************************************************************************* thestreet.com ******************************************************************************************************* 3) China trade bill ignites U.S. tech industry. ********************************************************************************************************* by: msa10 Msg: 5290 of 5293 (Eltrax YAHOO board (ELTX)) On the plus side, it was mentioned that book to bill ratios are up to 1.24 from 1.23, which in itself was a record. This is a good thing (with there being 24% more orders in August than there were shipments), as it implies that demand is, in fact, booming instead of shriveling. Semi investors have been continually fearing this year (it has been suggested to me that, despite the fact that demand has been amazingly high for the semi market throughout the year and the trend is towards next year being just as tight, investors and analysts are panicking and bringing stocks to record drops because of the fear of dropping demand, which is dumb). jc-news.com China trade bill ignites U.S. tech industry. September 21, 2000 12:00 AM PT by Matt Berger The Chinese government has gone to great efforts in the past three years to build its high-tech and Internet industries. This week, it just got easier. China ended a 20-year economic standoff with the U.S., abolishing restrictive trade policies that have kept many U.S. companies from entering its market. Now, everyone from semiconductor manufacturers to software makers are preparing to help China through a high-tech economic boom -- and cash in along the way. "China has a Communist government which is trying to take advantage, as much as possible, of capitalist and free-market economics in the rest of the world," says Jim Whittaker, the director of international public policy for computer maker Hewlett-Packard (HWP). "It has retained political and economic control because of its systems, but they are generally realizing that they need to take part in the world economy." HP, like the entire technology industry from keyboard makers to telecommunication companies, is positioned to benefit following the passage of a historic trade deal signed by the Senate. Congress voted Tuesday overwhelmingly to grant China permanent normal trade relations, paving the way for its entry into the World Trade Organization (WTO). Ending barriers As a result, tariffs on U.S. high tech imports will be eliminated, ending a long history of high barriers to entry for foreign companies both big and small. China also has agreed to lift quotas on investment in its state-controlled industries, and open its markets to WTO member nations. Hewlett-Packard, which pulls in about 60 percent of its revenue from the sale of computer products overseas, stands to gain competitive access to one of the largest concentrated consumer populations in the world. And the current import duties -- from 10 percent to 15 percent -- that have hampered the computer maker from competing in China's market, will be reduced to zero over the next three years. "I think everybody stands to gain -- large and small companies in a variety of sectors," says Whittaker, who also chairs the U.S. High-Tech Industry Coalition that lobbied in favor of the bill. "China is aggressively developing its tech sector, upgrading its telecommunications industry, expanding its Internet, you name it." China's complex and often unmanageable regulations and trade policies, which kept many companies from doing business there, also will disappear. State-controlled industries like its telecommunications network will soon be opened up to foreign investment. And what Whittaker calls China's "nontransparent regulatory activity" -- will soon be simplified to mesh with the trade policies shared by the more than 100 trading nations in the WTO. "You wouldn't really even know what the rules were," he says. "Most companies had no way of breaking through China's regulatory barriers." Bipartisan support The U.S. Senate voted 83-15 to approve granting permanent normal trade relations to China. The bill, which now heads to the desk of one of its biggest supporters, President Clinton, is expected to take effect early next year when China takes its place in the WTO. It will be about three years before its effects start reaching U.S. companies