book to bill is still down, good thing the sox is up 65% off the low.In more evidence of continuing troubles in the chip-equipment industry, the book-to-bill ratio in October slid for the fifth month in a row. The ratio for semiconductor capital equipment fell to 0.73 from September's revised figure of 0.80, according to SEMI, an industry trade group. The ratio means that $73 worth of new orders were received for every $100 of product billed for the month. Bookings dipped 8% from September levels to $766 million in October, based on a three-month average. Orders remain 19% above last year's levels. In a prepared statement, SEMI CEO Stanley Myers said, "While there are indications that capacity has been added throughout the current downturn at leading-edge fabs, broader-based capacity expansion has been on hold. This trend will continue into 2003 until semiconductor manufacturers have stronger signals regarding the outlook for chip demand.
these semi cap equips could turn out to be the short of the year here soon, total BS on this qtr 4 bottom call. And "SEMI" has a track record of over optimistic projections. Capacity expansion is not only on hold but IMO being reduced.march,april puts on this group should do well when they roll over.donv
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