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Applied Materials' (AMAT) claim that its most recent quarter, which saw a massive Q/Q drop in...

Applied Materials' (AMAT) claim that its most recent quarter, which saw a massive Q/Q drop in orders, will represent a bottom for chip equipment orders may prove accurate. SEMI is reporting its preliminary October book-to-bill ratio for North American chip equipment makers is 0.74; though this is a weak number, it's better than September's final reading of 0.71, and thus snaps a long string of monthly declines.
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