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To: Steve Fancy who wrote (76760)	3/18/1999 8:55:00 PM
From: Diamond Jim	Read Replies (2) \| Respond to of 186894

Press Room - Press Release-Book-to-Bill North American Semiconductor Equipment Industry Posts February 1999 Book-to-Bill Ratio of 1.17 MOUNTAIN VIEW, Calif., March 18, 1999 -- The North American semiconductor equipment industry posted a book-to-bill ratio of 1.17 for February 1999, it was reported by Semiconductor Equipment and Materials International (SEMI). A book-to-bill of 1.17 means $117 in orders were received for each $100 worth of products shipped. "We appear to be seeing some stabilization after four months of steady bookings growth, and this is in line with industry forecasts for 1999," said Stanley Myers, president of SEMI. "There have been no big surprises in either the chip or electronics markets to cause a sudden change in direction for equipment makers. We remain optimistic that a continued strong economy will lead to a more robust upturn by year's end." Three-month average shipments in February 1999 were $820 million. The figure is five percent below the January 1999 level, and is 40 percent below the February 1998 level of $1.4 billion. Three-month average bookings were flat in February 1999 at $962 million. The bookings figure is 22 percent below the February 1998 level of $1.2 billion. The SEMI book-to-bill is a ratio of three-month moving average bookings to three-month moving average shipments. Shipments and bookings figures are in millions of U.S. dollars. Month Shipments Bookings Book-to-Bill September 98 845.7 481.3 0.57 October 98 852.3 638.0 0.75 November 98 931.6 767.2 0.84 December 98 (final) 920.9 883.4 0.96 January 98 (revised) 865.0 964.7 1.12 February 99 (prelim.) 820.0 962.7 1.17 The data contained in this release was compiled by the independent public accounting firm of Arthur Andersen LLP, without audit, from data submitted directly by the participants. SEMI and Arthur Andersen LLP can assume no responsibility for the accuracy of the underlying data. The data are contained in a monthly Express Report published by SEMI that tracks shipments and orders for equipment used to manufacture semiconductor devices, not shipments and orders of the chips themselves. Based in Mountain View, Calif., SEMI is an international trade association serving more than 2,300 companies participating in the $65 billion semiconductor and flat panel display equipment and materials markets. SEMI maintains offices in Austin, Beijing, Boston, Brussels, Hsinchu, Moscow, Seoul, Singapore, Tokyo and Washington, D.C. Visit SEMI OnLine at www.semi.org. ASSOCIATION CONTACT: Mike Droeger SEMI Ph: 650.940.6953 Fx: 650.940.7932 E-mail: mdroeger@semi.org Jonathan Davis SEMI Ph: 650.940.6937 Fx: 650.940.7970 E-mail: jdavis@semi.org # # #