Semi BtB: read between the lines but they will still probably run it up. Where is "Federal Reserves" when we need him...
SAN JOSE, Calif., December 16, 2004 -- North American-based manufacturers of semiconductor equipment posted $1.35 billion in orders in November 2004 (three-month average basis) and a book-to-bill ratio of 1.00 according to the November 2004 Book-to-Bill Report published today by SEMI. A book-to-bill of 1.00 means that $100 worth of orders were received for every $100 of product billed for the month.
The three-month average of worldwide bookings in November 2004 was $1.35 billion. The bookings figure is two percent below the revised October 2004 level of $1.37 billion and 46 percent above the $923 million in orders posted in November 2003.
Semi btb...read between the lines, but they will probably still run it
The three-month average of worldwide billings in November 2004 was $1.34 billion. The billings figure is six percent below the revised October 2004 level and 53 percent above the November 2003 billings level of $876 million.
"Total orders for semiconductor equipment have declined about 16 percent from the peak observed in June of this year, though they remain well above levels reported one year ago," said Stanley T. Myers, president and CEO of SEMI. "The North American equipment Book-to-Bill ratio increased in November as billings declined at a steeper pace than bookings based on a three month average."
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.
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