Wednesday, February 25, 2009

Eric Savitz , The Hardest Working Man In Show Business! And: Book-to-Bill Ratio at 0.10

As of 6:32 p.m. PST, I counted 22 posts at Tech Trader Daily timestamped "February 25, 2009..."
and I have a feeling that this time of the quarter is what Mr. Savitz lives for. "I feel good..."
One of the posts that caught my eye:
Semi Equip Book-To-Bill Hits 0.1 As Orders Evaporate

You have to wonder if any industry ever has suffered through a downturn like the one the semiconductor equipment industry is now enduring.

According to EETimes, the seers at VLSI Research now says the worldwide fab tool book-to-bill ratio in January dropped to 0.1, one of the lowest levels ever. A book-to-bill of 0.1 means that for every $10 in orders filled, just $1 of new orders are received.

The research firm expects a 49% drop in equipment sales this year....MORE

I can't recall ever seeing a book to bill that low. Ever.

So, of course we see this in TTD's headlines:

What’s Up With AMAT And The Equipment Stocks?

The large-cap semiconductor equipment stocks this afternoon have caught fire:...