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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Gottfried who wrote (12167)	11/20/2004 10:03:23 AM
From: J_K	Respond to of 25522

Hi Gottfried, thanks for the chart! Cheers, Jürgen

To: Gottfried who wrote (12167)	11/22/2004 2:41:35 PM
From: Proud_Infidel	Respond to of 25522

Semiconductor Order Rate Seen Declining 11.22.04, 2:21 PM ET Credit Suisse First Boston maintained an "underweight" rating on the semiconductor sector, saying it expects an October book-to-bill ratio of 1.02 to 1, up from 0.96 in September. The book-to-bill ratio measures the dollar amount of semiconductor chips that are booked for delivery divided by the dollar amount of those that have already been billed for; below 1.0 may indicate a downturn while above 1.0 is a bullish signal. The research firm also reiterated a "neutral" rating and $16.50 target price on Applied Materials (nasdaq: AMAT - news - people ), saying in 25 of the last 30 quarters, the company's book-to-bill ratio and the front-end book-to-bill ratio have moved in the same direction. CSFB added that Applied Materials posted stronger than expected order growth of 7% in October and a book-to-bill ratio of 1.19 (up from 1.10 in July). "We are currently projecting that order rates will decline for the next three quarters, with an absolute bottom in place by the second quarter of calendar 2005," CSFB said. "Applied Materials' order guidance for January suggests that the downturn could perhaps be pulling in--an earlier inflection up in bookings may hinge on the strength of DRAM capacity plans early next year."

To: Gottfried who wrote (12167)	11/22/2004 7:39:04 PM
From: Proud_Infidel	Read Replies (3) \| Respond to of 25522

UPDATE 1-Chip equipment orders halt decline in October -SEMI Mon Nov 22, 2004 06:43 PM ET (Adds details, analyst comment) SAN FRANCISCO, Nov 22 (Reuters) - North American makers of microchip manufacturing equipment saw orders rise 3 percent in October from September levels, breaking a three-month period of decline. Orders for the month were $1.39 billion, up from September orders of $1.35 billion, according to a release from Semiconductor Equipment and Materials International. The ratio of orders to shipments, known as the book-to-bill ratio, rose to 0.96 from 0.94, meaning that $96 in orders were received for every $100 of products billed for the month. Sales growth for chip-making equipment sales is expected to moderate next year after expanding an expected 63 percent growth rate this year. Applied Materials Inc. (AMAT.O: Quote, Profile, Research) , the industry's largest player, warned that orders in the current quarter will drop a larger-than-expected 35 percent. "I don't think it's anything but an intermediate pause before we go lower," said Banc of America Securities analyst Mark FitzGerald. Following are details on North American chip equipment bookings, billings and the book-to-bill ratio. Figures for bookings and billings are three-month moving averages, and are shown in millions of U.S. dollars. Billings Bookings Book-to-bill May 2004 1,412.7 1,559.6 1.10 June 2004 1,503.4 1,609.1 1.07 July 2004 1,526.9 1,587.4 1.04 August 2004 1,497.8 1,510.8 1.01 September (final) 1,441.2 1,349.8 0.94 October (prelim.) 1,443.4 1,392.1 0.96