Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Alastair McIntosh who wrote (7004)	11/21/2002 7:17:01 PM
From: Return to Sender	Read Replies (2) \| Respond to of 95546

North American Semiconductor Equipment Industry Posts October 2002 Book-to-Bill Ratio of 0.73 SAN JOSE, Calif., November 21, 2002 -- The North American-based manufacturers of semiconductor equipment posted $766 million in orders in October 2002 (three-month average basis) and a book-to-bill ratio of 0.73, according to the October 2002 Express Report published today by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 0.73 means that $73 worth of new orders were received for every $100 of product billed for the month. The three-month average of worldwide bookings in September 2002 was $766 million. The bookings figure is eight percent below the revised September 2002 level of $832 million yet 19 percent above the $644 million in orders posted in October 2001. The three-month average of worldwide billings in October 2002 was $1.05 billion. The billings figure is one percent above the revised September 2002 level of $1.04 billion and 18 percent above the October 2001 billings level of $896 million. "While there are indications that capacity has been added throughout the current downturn at leading-edge fabs, broader-based capacity expansion has been on hold," said Stanley Myers, president and CEO of SEMI. "This trend will continue into 2003 until semiconductor manufacturers have stronger signals regarding the outlook for chip demand." The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average billings for the North American semiconductor equipment industry. Billings and bookings figures are in millions of U.S. dollars. semi.org!OpenDocument

To: Alastair McIntosh who wrote (7004)	11/21/2002 7:25:19 PM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 95546

>> EDIT: I assume this is very bullish as things can't get worse can they? Alastair, You've finally figured out the secret of the stock market. So I guess you're going long now ?

To: Alastair McIntosh who wrote (7004)	11/22/2002 12:06:58 PM
From: The Ox	Read Replies (2) \| Respond to of 95546

Hi Al, I would say that the btb verifies how and why the industry has been acting/reacting. Layoffs and belt tightening everywhere. As the CEO from AMAT has been saying all along, at some point in time there will be a flood gate opening and everyone will order all at once but until that moment arrives, the industry will have a very rough stretch. Assuming IT spending starts a modest increase next year and picks up steam in the following year, your comment about things can't get worse MIGHT be accurate. Hard to tell if your comment was due to your bearishness and was tongue in cheek or you really mean it. I have assumed the former, since you've been pounding the table that these companies are over priced. They may be over priced based on the current fundies but I think the market is looking out 9 to 12 months and seeing serious signs of improvement in the overall "tech sector" and, more specifically, with overall IT spending going forward.