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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (59017)	8/20/2003 4:10:01 PM
From: Sully-	Respond to of 65232

10:10 ET Mortgage activity continues to fall : As reported on Briefing.com's Bond Ticker page this morning, mortgage activity continued to fall off in the latest week. The MBA applications index fell -11% in the week of Aug 15 as purchase applications fell to a four month low and the refinancing index was the lowest since July of 2002. From the record highs of late May the purchase index is down 15% as refis have plunged 72%. The numbers are contributing to weakness in the homebuilding sector today (CTX -1.38, RYL -1.34, HOV -1.30, BZH -1.24). 13:22 ET GE says July "short-cycle orders" fell as much as 5% -- Reuters 29.38 -0.47

To: Dealer who wrote (59017)	8/20/2003 4:14:57 PM
From: Sully-	Respond to of 65232

North American Semiconductor Equipment Industry Posts July 2003 Book-to-Bill Ratio of 0.97 .....A book-to-bill of 0.97 means that $97 worth of new orders were received for every $100 of product billed for the month..... .....The three-month average of worldwide billings in July 2003 was $788 million. The billings figure is one percent above the revised June 2003 level of $777 million and 19 percent below the July 2002 billings level of $969 million..... semi.org!OpenDocument