Thursday, August 21, 2003
The front-end chip-equipment orders are expected to jump 4 percent to 14 percent in the third quarter of 2003, compared to the second period of this year, according to a report from Morgan Stanley.
"With C3Q order guidance confirming a pick-up in 2H03, the question now is sustainability and follow-through, and how much to pay for the ramp, especially as 2004 estimates already factor in 30-%-plus revenue growth," said analyst Steven Pelayo of Morgan Stanley in the report.
The book-to-bill ratio for front-end equipment jumped from 0.85 in June, to 0.94 in July. "July's sequential improvement was led by an expected rebound in front-end bookings (up 11.8 percent sequentially) against flattish billings (up 1.1 percent)," according to the report from SEMI.
The book-to-bill ratio for backend equipment fell from 1.22 in June, to 1.08 in July. Backend bookings were down 9.1 percent sequentially, but billings were up 2.4 percent in this sector, according to the report.
By: DocMemory
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