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

To: Donald Wennerstrom who wrote (12112)	10/18/2003 8:36:23 PM
From: Return to Sender	Respond to of 95406

I think Briefing.com had become a lot more overtly positive about the potential for the market to continue to rise since Ping took over the nightly commentary. I'm not yet convinced he is right even though I remain cautious about shorting. I do believe there is plenty of evidence of a recovery in the semiconductor industry as well as the economy. I'm just very concerned about valuations. Have a great weekend Don. I'm watching the world series. Since I have no preference as to which team wins it's a whole lot less exciting than it might be. Florida looks young and fast enough to give the Yankees all they can handle. Maybe... RtS

To: Donald Wennerstrom who wrote (12112)	10/20/2003 6:19:09 PM
From: Return to Sender	Read Replies (1) \| Respond to of 95406

Semi equipment book-to-bill rose to 0.95 Semi equipment industry book-to-bill ratio rose 0.95 in September, up from 0.92 in August and in line with Moors and Cabot's estimate of $0.95. Bookings rose to $761, up 4% from the revised August level of $732 mln. The Billings average rose to $804 mln, 1% above the revised August level of $792 mln. Briefing.com From the Semi.org site North American Semiconductor Equipment Industry Posts September 2003 Book-to-Bill Ratio of 0.95 SAN JOSE, Calif., October 20, 2003 -- North American-based manufacturers of semiconductor equipment posted $760.5 million in orders in September 2003 (three-month average basis) and a book-to-bill ratio of 0.95, according to the September 2003 Express Report published today by SEMI. A book-to-bill of 0.95 means that $95 worth of new orders were received for every $100 of product billed for the month. The three-month average of worldwide bookings in September 2003 was $760.5 million. The bookings figure is four percent above the revised August 2003 level of $732 million and 8.5 percent below the $832 million in orders posted in September 2002. The three-month average of worldwide billings in September 2003 was $803.5 million. The billings figure is one percent above the revised August 2003 level of $792 million and 23 percent below the September 2002 billings level of $1.04 billion. "September continues the conservative spending trends we've seen in 2003, especially in the front end equipment sector," said Dan Tracy, SEMI director of industry research. "Positive economic signs and rising fab capacity utilization levels, coupled with current cautious investments, points towards higher spending growth in 2004." 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