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: Donald Wennerstrom who wrote (31666)	7/20/2006 6:22:27 PM
From: Donald Wennerstrom	Read Replies (3) \| Respond to of 95737

NORTH AMERICAN SEMICONDUCTOR EQUIPMENT INDUSTRY POSTS JUNE 2006 BOOK-TO-BILL RATIO OF 1.14 SAN JOSE, Calif. – July 20, 2006 – North American-based manufacturers of semiconductor equipment posted $1.75 billion in orders in June 2006 (three-month average basis) and a book-to-bill ratio of 1.14 according to the June 2006 Book-to-Bill Report published today by SEMI. A book-to-bill of 1.14 means that $114 worth of orders were received for every $100 of product billed for the month. The three-month average of worldwide bookings in June 2006 was $1.75 billion. The bookings figure is about eight percent higher than the final May 2006 level of $1.62 billion and over 68 percent higher than the $1.04 billion in orders posted in June 2005. The three-month average of worldwide billings in June 2006 was $1.53 billion. The billings figure is over five percent above the final May 2006 level of $1.45 billion and almost 33 percent above the June 2005 billings level of $1.15 billion. "Total bookings for North American equipment manufacturers posted significant gains in the second quarter compared to the previous quarter,” said Stanley T. Myers, president and CEO of SEMI. "It has been encouraging to see this sustained level of growth over the past seven months, and we are confident that 2006 will mark the second biggest growth year for our industry.” The SEMI book-to-bill is a ratio of three-month moving averages of worldwide bookings and billings for North American-based semiconductor equipment manufacturers. Billings and bookings figures are in millions of U.S. dollars.

To: Donald Wennerstrom who wrote (31666)	7/21/2006 3:50:22 PM
From: The Ox	Read Replies (1) \| Respond to of 95737

net Tangible Tangibl Diluted book stock price to net assets shares value price book PHTN 148324 17077 8.69 11.22 1.29 COHU 235150 22845 10.29 15.56 1.51 PLAB 463841 50987 9.10 13.78 1.51 UTEK 192939 23910 8.07 13.13 1.63 CMOS 164553 99886 1.65 2.85 1.73 SMTL 145153 32338 4.49 7.90 1.76 FSII 88146 30000 2.94 5.61 1.91 ATMI 420156 37809 11.11 23.00 2.07 TER 1223946 210356 5.82 12.15 2.09 NVLS* 1399837 130000 10.77 22.75 2.11 BRKS 321303 66112 4.86 10.60 2.18 EGLS 26683 23197 1.15 2.55 2.22 MTSN 186595 53809 3.47 7.81 2.25 CYMI 609952 38832 15.71 37.48 2.39 KLAC 3342080 204818 16.32 38.96 2.39 AMAT 8195824 1560000 5.25 14.74 2.81 LTXX 87993 62088 1.42 5.33 3.76 LRCX 1229911 144683 8.50 37.61 4.42 WFR 865898 223934 3.87 26.58 6.87 VECO 77744 30081 2.58 21.75 8.42 KLIC 16516 51490 0.32 6.66 20.76 ASYT 768 48210 0.02 6.50 408.03 ASML** no yahoo asset data

To: Donald Wennerstrom who wrote (31666)	7/21/2006 3:51:13 PM
From: The Ox	Read Replies (1) \| Respond to of 95737

EDIT - SI's format is still all F'd up. I'm posting this table, maybe one of you can reformat it so it looks good on SI...I give up on trying to figure this stuff out on SI. net Tangible Tangibl Diluted book stock price to net assets shares value price book PHTN 148324 17077 8.69 11.22 1.29 COHU 235150 22845 10.29 15.56 1.51 PLAB 463841 50987 9.10 13.78 1.51 UTEK 192939 23910 8.07 13.13 1.63 CMOS 164553 99886 1.65 2.85 1.73 SMTL 145153 32338 4.49 7.90 1.76 FSII 88146 30000 2.94 5.61 1.91 ATMI 420156 37809 11.11 23.00 2.07 TER 1223946 210356 5.82 12.15 2.09 NVLS* 1399837 130000 10.77 22.75 2.11 BRKS 321303 66112 4.86 10.60 2.18 EGLS 26683 23197 1.15 2.55 2.22 MTSN 186595 53809 3.47 7.81 2.25 CYMI 609952 38832 15.71 37.48 2.39 KLAC 3342080 204818 16.32 38.96 2.39 AMAT 8195824 1560000 5.25 14.74 2.81 LTXX 87993 62088 1.42 5.33 3.76 LRCX 1229911 144683 8.50 37.61 4.42 WFR 865898 223934 3.87 26.58 6.87 VECO 77744 30081 2.58 21.75 8.42 KLIC 16516 51490 0.32 6.66 20.76 ASYT 768 48210 0.02 6.50 408.03 ASML** no yahoo asset data EDIT the columns are: 1) net tangible assets 2) diluted number of shares reported on the last earnings statement 3) net tangible assets per share (column 1 divided by 2) 4) current share price (taken this afternoon near the close) 5) price to net tangible book EDIT- the above table, sorted by price to net tangible book, shows the stocks in Don's group. None of the numbers takes into account the strength of the underlying technology, whether net tangible assets are growing or falling, and a number of other important factors. What it does show, is that a company like PHTN, selling at 1.29 to net tangible assets is a total joke, in my opinion. Here is a VERY good candidate for some company looking for an acquisition. You could offer a nice premium over the current price here and not be saddle with a ton of goodwill on your books. EDIT- note that the information was taken from Yahoo, so it may not be accurate. I tried to use the number of diluted shares from earnings reports, where easily available. This is just an example of how cheap these stocks are getting based on their balance sheets alone.