Inventory? But don't panic
Sep 12, 2006
The semiconductor equipment book-to-bill (B/B) ratio dropped for the first time in six months in July, when it stood at 1.06, as opposed to 1.14 in June, according to figures posted by SEMI. The three-month billing average stood at US$1.65 billion in July, representing 6% on-month growth and 53% growth on-year. The B/B ratio had continued to gain, since last September, when it either improved or remained flat on-month. However, a look at the moving average ratio reveals that in July, the three-month average B/B ratio had actually shot up by 73% on-year, versus June's 53% on-year jump.
full story - http://www.digitimes.com/bits_chips/a20060912PR202.html