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Tech Industry

Stock markets off to slow start

Stocks should see a quiet start to the trading week Monday, but investors will be on the lookout for any hints about second quarter earnings.

Stocks should see a quiet start to the trading week Monday, but investors will be on the lookout for any hints about second quarter earnings. The Dow is set to open lower.

As for economic news, investors will have to wait until later in the week, when reports on May retail sales, wholesale and consumer inflation data, inventories, industrial production and consumer confidence will be released.

Intel gave slightly optimistic news at its midquarter update with analysts Thursday. But a potential rally was stopped dead in its tracks after Juniper warned investors Friday it would miss its earnings figures.

Internet advertising company Engage will report third-quarter results after the bell Monday. Analysts are looking for a 15-cent per-share loss. Its sister company Navisite is also scheduled to report after the bell; analysts are looking for a 57-cent per-share loss. Engage and Navisite's parent company, CMGI, is scheduled to report its results Tuesday.

Stocks to watch
•AOL Time Warner announced a $200 million joint venture with Legend Holdings to provide consumer Internet services in China. Legend is the biggest maker of PCs in China.

• Software maker Peregrine Systems said it will acquire Remedy for $1.08 billion in stock and cash. Peregrine, which makes infrastructure management software, said Remedy shareholders will get $9 in cash and a 0.9065 share of Peregrine common stock for each share of Remedy stock owned.

• RealNetworks said Monday that it inked a deal in which Cisco Systems will incorporate its software into new products. In addition, RealNetworks and Cisco will cooperatively market and sell their streaming software to Internet service providers and network service providers

At the Bell
The Dow Jones industrial average may open 9.6 points lower. The Standard & Poor's 500 index for June futures contracts was down 1.20 points to 1275.30 at 4:57 a.m. PDT in 24-hour electronic trading.

Reuters contributed to this report.