SAN JOSE, Calif. (CBS.MW) -- Semiconductor and Materials International said late Tuesday that its North American October book to bill ration came in at 0.71.
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Effectively, for every $100 in semiconductor orders shipped, there were $71 in new orders.
In total, the orders were worth $651.1. million while billings were worth $916.2 million. UBS Warburg had expected a book to bill ratio in a range of 0.65 to 0.70. Last month it came in at 0.64. The industry benchmark is based on a three-month moving average.
Looking ahead, fundamental issues remain for the segment and the forecast was not bright.
"Excess capacity and weak end-market demand continue to beleaguer the semiconductor equipment industry," said SEMI CEO Stanley Myers. "While the decline in orders has abated, the average monthly shipment figure continues to weaken and there is no appreciable indication of a near-term trend reversal."
FRONT PAGE NEWS
Tokyo stocks mixed in early trade
Microsoft cuts profit view, citing settlement charge
Big-cap tech decline hobbles Nasdaq; Dow also struggles
Oil stocks, crude prices rally
Taliban-opposition plan UN-led meeting without group
Sign up to receive FREE e-newsletters:
Get the latest news
24 hours a day from our 100-person news team.
Effectively, for every $100 in semiconductor orders shipped, there were $71 in new orders.
In total, the orders were worth $651.1. million while billings were worth $916.2 million. UBS Warburg had expected a book to bill ratio in a range of 0.65 to 0.70. Last month it came in at 0.64. The industry benchmark is based on a three-month moving average.
Looking ahead, fundamental issues remain for the segment and the forecast was not bright.
"Excess capacity and weak end-market demand continue to beleaguer the semiconductor equipment industry," said SEMI CEO Stanley Myers. "While the decline in orders has abated, the average monthly shipment figure continues to weaken and there is no appreciable indication of a near-term trend reversal."
