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To: Steven Ivanyi who wrote (17189)	2/25/1999 12:53:00 AM
From: Mang Cheng	Respond to of 25814

"Downturn Over: Book-to-Bill at 1.10" "The equipment book-to-bill ratio reached 1.10 in January, rising above 1.0 for the first time since October, 1997, according to Semiconductor Equipment and Materials International (SEMI; Mountain View, CA). A ratio of 1.10 means that $110 in orders were received for each $100 worth of products shipped. Values greater than 1.0 indicate equipment industry expansion. "This is the fourth month of sequentially greater order levels. Continuing improvement in semiconductor equipment booking figures convey further optimism for the equipment industry," said Stanley Myers, president of SEMI. "While we have not seen a rash of announcements for new semiconductor facilities to be built in 1999 and 2000, the January order level indicates that aggressive activity in both fab conversions and backend upgrades for the newest chip designs should continue to improve equipment industry business levels in 1999." news.semiconductoronline.com Mang

To: Steven Ivanyi who wrote (17189)	2/25/1999 7:54:00 AM
From: Howard Feinstein	Read Replies (1) \| Respond to of 25814

Steven, I guess that's why they call it a stock MARKET.....For every buyer there is a seller! Good luck to you! Howie

To: Steven Ivanyi who wrote (17189)	2/25/1999 12:43:00 PM
From: bodie	Read Replies (2) \| Respond to of 25814

Did you short it today, just curious? Good call if you did. bodie