As Frank Sinatra mused, is it the real turtle soup, or merely the mock?
Investors will be looking for signs during the coming week of whether last week's sporadic market rallies were harbingers of a nascent recovery or just a new Wall Street calisthenics routine.
And there won't be much to distract them. The only major tech company set to report earnings is networking equipment giant, one of the first companies to feel the full force of the tech sell-off.
Tech events include U.S. Bancorp Piper Jaffray's Technology & Communications Conference, featuring lots of semiconductor and networking companies, while the biggest economic news is Thursday's release of the Producer Price Index.
Other events scheduled this week:
- The Extreme Markup Languages 2002 conference promises to teach Web programmers all sorts of radical new techniques. It runs Aug. 4-9 in Montreal.
- Cyberterrorism and other modern threats are the focus of Cyberwar, Netwar and the Revolution in Military Affairs: Real Threats and Virtual Myths, a conference hosted by the International School on Disarmament and Research on Conflicts. The program runs through Aug. 13 in Trento, Italy.
- The Federal Communications Commission's Spectrum Policy Task Force holds a public workshop
on spectrum efficiency, featuring panelists from Motorola, DARPA, Cingular Wireless and Boeing. The one-day event is at the commission's meeting room in Washington.
- President Bush's Council of Advisors on Science and Technology holds a teleconference to discuss a report on the role of science and
technology in the new Department of Homeland Security.
- Legal professionals look at how technology is changing the profession during Emerging High Technology Legal Issues, a conference hosted by the University of Washington School of Law's Shidler Center for Law, Commerce and Technology. The event runs Aug. 5-7 at the university's Seattle campus.
- The United States Display Consortium hosts the Display Industry Investors Conference, a one-day update on the latest in electronic display technology. It's at the Le Meridien Hotel in Boston.
- The New York City Economic Development Corp. discusses the telecommunications infrastructure of lower Manhattan in a morning meeting at the Federal Reserve Bank in New York.
- U.S. Bancorp Piper Jaffray hosts its annual Technology & Communications Conference, Aug. 6-9 in Boston. Companies presenting will include AT&T Wireless, Autodesk, Broadcom, Cingular Wireless, Nokia, Palm, eBay, Macromedia, National Semiconductor, JDS Uniphase and PeopleSoft.
Monday, Aug. 5
- Audible sells downloadable versions of audio books. No second-quarter earnings estimate was available.
- Infonet sells business telecommunications services. Analysts expect it to report a first-quarter loss of a penny per share.
- Advanced Semiconductor Engineering provide chip packaging services. It's expected to report a second-quarter profit of a penny per share.
- Cisco Sytems makes networking equipment. It's expected to post a fourth-quarter profit of 12 cents a share, and 36 cents a share for the 2002 fiscal year.
- Learning Tree International provides training services for IT professionals. It's expected to report a third-quarter profit of 8 cents a share.
- PC-Tel makes networking equipment. It's expected to report a second-quarter loss of 10 cents a share.
- ValueClick sells Internet marketing services. It's expected to report a second-quarter loss of 3 cents a share.
- 1-800-Flowers.com sells flowers over the Web and by phone. It's expected to report a fourth-quarter profit of 6 cents a share, and a loss of 4 cents a share for the full 2002 fiscal year.
- Avnet sells computer and electronics components. It's expected to report break-even result for its fourth quarter and a loss of 19 cents a share for the year.
- Cable TV operator Cablevision Systems is expected to report a second-quarter loss of $1.09 per share.
- Emulex makes data storage equipment. It's expected to report a profit of 16 cents a share for its fourth quarter and 53 cents a share for the 2002 fiscal year.
- Identix makes electronic identification systems. It's expected to report losses of 12 cents a share for its fourth quarter and 61 cents for the full year.
- OpenTV sells interactive television software and services. It's expected to post a second-quarter loss of 10 cents a share.
- Import and Export Prices are the most widely watched measure of the international trade balance. No forecast is available for July figures.
- Consumer Credit measures overall consumer debt. The July total is expected to drop to $8 billion, from the previous month's $9.5 billion.
- The Producer Price Index measures prices of goods at the wholesale level. Growth for July is expected to be steady, at 0.1 percent.
- The Commerce Department reports Initial Claims for unemployment compensation for the week ending Aug. 3. They're expected to shrink to 375,000, from 387,000 a week earlier.