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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Donald Wennerstrom who wrote (1278)	11/20/2001 6:45:49 PM
From: scott_jiminez	Respond to of 95456

That's quite compelling data, Don. The backlog info is not just more direct and less confusing than the BtB (a ratio where a change in the number can imply quite little for the short term) but this is also a transition phase of SAB101 implementation. The bookings and billings are probably being distorted in ways unknown to mortals. In any event, the backlog data is the best and most convincing sign yet that the sector has already bottomed and we're headed into recovery. In every prior cycle, when the backlog had improved for so many months in row, there was never a reversal in the pattern and the upturn in orders followed soon. Thanks for the continuing great work.

To: Donald Wennerstrom who wrote (1278)	11/20/2001 10:22:36 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95456

6:19PM Semiconductor Equipment Book-to-Bill : North American-based manufacturers of semiconductor equipment posted $651.1 million in orders in October 2001 and a book-to-bill ratio of 0.71. This was slightly better than Briefing.com's consensus estimate of 0.68 (three analysts). The bookings figure is 5% above the revised September 2001 level of $619.2 million and 78% below the $2.99 billion in orders posted in October 2000. While the nominal level on orders remains low, the overall report was better than expected. Sequential order growth for the month at 5% exceeded each of our analysts' estimates, two of which were expecting a 7-8% contraction. finance.yahoo.com ADI and TQNT reported after the bell. Both are down. finance.yahoo.com A quick check of the after hour larger picture shows weakness throughout the semiconductors. finance.yahoo.com RtS