Semiconductor orders to fall 20% in Q4 2004

Orders in the semiconductor equipment sector are projected to fall by up to 20% in Q4 2004, according to investment banking firm Adams Harkness. The front-end book-to-bill was 1.05 in August, up from 1.07 in July; meanwhile, the back-end was 0.80, down from the revised 0.93 figure.