Tuesday, October 19, 2004
It's no surprise given the Q3 preannouncements in the capital equipment sector recently: the three-month rolling average of bookings for North American vendors fell 10 percent in September, as the book-to-bill ratio slipped below 1.
Silicon Valley-based consortium Semiconductor Equipment and Materials International (SEMI) reported it's monthly orders and shipment data today for the month of July. The preliminary average of bookings or orders came in at $1.36 billion in September, down from August's $1.51 billion, while bookings, or shipments for which revenue is recognized, came in at $1.42 billion, compared with last month's final figure of $1.5 billion.
The resulting book-to-bill ratio was 0.96. The preliminary book-to-bill ratio for August was even at 1; the final revised figures for August put that up slightly to 1.01.
September Bookings and billings were both still 75 percent above what they were at this time last year, SEMI reported.
"Total billings for semiconductor equipment by North American producers in the first three quarters of 2004 have increased 71 percent over the same period last year, affirming expectations for strong growth in 2004" Stan Myers, president and CEO of SEMI, said in a statement. "The September data reflects the expected decline in bookings as IC companies have responded quickly to increased inventory levels and become cautious about new spending on equipment."
It is the first time that the book-to-bill ratio for North American-based tool vendors has been below one since September 2003.
By: DocMemory
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