Basically the results for two quarters will be the same. I totally understand the mixup and nothing bad happened. Why are we down so much because of this? I guess I would buy now If I had cash available. Can't wait till EGLS comments on all this.
Okay, I'll try. They made a questionable move in booking the large 8mn order in the first quarter, rather than in the 2nd. If they had held the order off the books for another day, they would have had a BtB of about 1.13 for the first quarter and a sequentially increasing BtB in the present quarter.
If they had done it this way, the stock would probably not have risen to the heights it did, and probably would not have fallen to its present depth.
In any case, they were remiss in not preparing the analysts for this right off the bat instead of springing it on them now. The buck stops with the CFO.
nothing wrong to book the order one quarter or the next when order received at the end of quarter.
However, admitedly, no matter how you slice it, the book to bill is lousy. I think this might pre-announce the end of the entire capital equipment makers boom time instead of being company specific. TER seems shaky, CMOS and AMAT's last report were unimpressed, just my two cents.