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IPC RELEASES BOOK-TO-BILL RATIOS FOR DECEMBER 1992

 LINCOLNWOOD, Ill., Jan. 26 /PRNewswire/ -- The Institute for Interconnecting and Packaging Electronic Circuits (IPC) has released the U.S. Printed Wiring Board Industry Book-to-Bill Ratio for December 1992. The Book to-Bill Ratio for December 1992 increased to 1.01 from .99 last month.
 Sales billed in December 1992 increased sharply 20.3 percent over December 1991, and orders booked for the same months showed a dramatic increase of 18.9 percent over 1991.
 As compared to 1991, 1992 bookings of PWBs are up 8.9 percent year- to-date. 1992 shipments of PWBs are up 5.2 percent year-to-date.
 The information provided includes data for both rigid and flexible PWB manufacturers who participate in IPC's Monthly Statistical Program. These participants represent over 40 percent of the U.S. domestic printed wiring board market.
 The IPC, with over 1,900 member companies worldwide, represents manufacturers and users of printed boards, flat cable, discrete wiring, hybrid circuits and companies that assemble printed boards. Membership also includes suppliers to the industry, colleges and universities, and over 60 government agencies.
 IPC releases this book-to-bill information on a monthly basis. For more information call Todd Brinegar at the IPC, 708-677-2850.
 BACKGROUND FOR BOOK-TO-BILL RATIOS
 The Institute for Interconnecting and Packaging Electronic Circuits (IPC) releases monthly book-to-bill ratios for the U.S. printed wiring board industry as a tracking method for the business trends of the electronic manufacturing industry.
 Bookings, or orders, for printed wiring boards represent anticipated needs within the electronics industry and billings represent actual shipments of printed wiring boards to be used in electronic products. Bookings typically lead shipments by three months.
 Printing wiring boards (PWBs) are the foundation of all electronic products that utilize semiconductors or integrated circuits. Within the electronic interconnection industry, of which printed wiring boards are a part, there is a saying that "boards work without chips, but chips won't work without boards" and nothing could be closer to the truth.
 The purpose of the printed wiring board is to carry a signal to the integrated circuit or semiconductor, which then processes and distributes the information or signal. Without the printed wiring board those chips will not work or function.
 Thus, the importance of printed wiring boards within the total electronics industry takes on an added importance due to its positioning as a foundation material and, thus, assumes a position as a leading indicator within the electronics industry as for future need and product production.
 The largest market for U.S.-made printed wiring boards is currently the computer/office products sector. This market utilizes a full 43 percent of our production output.
 In total perspective, printed wiring board bookings and billings statistics provide a first indicator of the future semiconductor utilization and end-product growth in the U.S.
 IPC BULLETIN BOARD FOR DECEMBER 1992:
 PERCENTAGE CHANGE IN SALES BILLED 1992 VS. 1991:
 2 months ago last month current month
 2.9 percent 8.3 percent 20.3 percent
 PERCENT CHANGE IN ORDERS BOOKED 1992 VS. 1991:
 2 months ago last month current month
 2.9 percent 14.0 percent 18.9 percent
 The Bulletin Board was compiled by the Institute for Interconnecting and Packaging Electronic Circuits from sales and bookings of Rigid and Flexible PWB manufacturers participating in IPC's monthly statistical program. These participants represent over 40 percent of the domestic PWB market. IPC has been collecting and compiling this date for over 35 years.
 For more information concerning the printed wiring board industry, call contact below.
 -0- 1/26/93
 /CONTACT: Todd Brinegar, IPC director of marketing communications, 708-677-2850 (fax 708-677-9570)/


CO: Institute for Interconnecting and Packaging Electronic Circuits ST: Illinois IN: SU:

SH -- NY093 -- 9189 01/26/93 15:11 EST
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Date:Jan 26, 1993
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