CNET también está disponible en español.

Ir a español

Don't show this again

Tech Industry

The week ahead: Earnings action continues

The flood of earnings news will continue unabated as an army of companies tell Wall Street their second-quarter results.

    Following are some of the notable tech-related events scheduled for the week of July 23 through July 27.

    The flood of earnings news will continue unabated as an army of companies tell Wall Street their second-quarter results.

    Investors have been spared few surprises. According to First Call, 205 of the 232, or 89 percent, of the companies in Standard & Poor's 500 index have either exceeded or matched analysts' expectations.

    However, corporate America might have had a very low bar to jump over. First Call says that of the 288 companies in the S&P 500 that issued an earnings preannouncement for the second quarter, 189 companies, or 66 percent, said that financial results would not meet expectations.

    Companies like Texas Instruments, Amazon.com, AT&T, Lucent Technologies, Xerox and Compaq Computer are expected to report this week.

    The information was gathered from First Call, Hoover's Online, CCBN's StreetEvents and CNET Investor.

    Other events scheduled this week:

    TECH EVENTS
    Monday, July 23

  • Robertson Stephens, an investment bank, will hold a technology conference at the Ritz-Carlton in San Francisco, July 23-26. The conference includes presentations by electronic manufacturers, chipmakers and optical component companies. Keynote speakers include Flextronics International CEO Michael Marks, PMC-Sierra CEO Robert Bailey, JDS Uniphase co-chairman Don Scifres and Applied Micro Circuits CEO David Rickey. Call (415) 248-4848 or e-mail conferences@rsco.com for more information.

  • Software maker Borland hosts BorCon at the Long Beach Convention Center in Long Beach, Calif., July 21-25. The conference will address software topics like e-business, wireless and Internet. Keynote speakers include Guy Kawasaki, CEO of Garage Technology Ventures.

  • Jupiter Media Metrix will kick off Plug.In at the Sheraton Hotel in New York City, July 23-24. The conference will focus on issues related to the digital music industry such as the legal and logistical challenges of distributing music via the Internet. Featured speakers include RealNetworks CEO Rob Glaser, Napster Interim CEO Hank Barry and Edward Bronfman, executive vice chairman of Vivendi Universal.

  • The O'Reilly Open Source Software Convention takes place at the Sheraton in San Diego, Calif., July 23-27. The event is geared toward people interested in open-source software like Linux. The event features a panel debate between Microsoft senior vice president Craig Mundie, attorney Ronald Johnston of Arnold & Porter and Red Hat CTO Michael Tiemann.

  • The CTAM Summit takes place at the San Francisco Marriott in San Francisco, July 22-25. The event includes members of the cable industry who want to learn more about the logistical and marketing issues related to broadband services. Speakers include Microsoft COO Rick Belluzzo, Charles Schwab CIO Dawn Lepore and America Online CEO Barry Schuler.

  • Marcus Evans hosts a conference called HomeNet at the Bellagio Hotel in Las Vegas, July 23-25. The event will focus on opportunities for networking technology in homes.

  • Marcus Evans will also hold an event on Internet hosting at the Sir Francis Drake Hotel in San Francisco, July 23-25. The gathering will cover how Web hosting sites can become more efficient and advanced.

  • The Burston Group will conduct Catalyst Conference 2001 at the Marriott Hotel and Marina in San Diego, Calif., July 23-25. The conference is for Internet executives who want to become more knowledgeable in solving the technology problems related to e-commerce.

  • The New Media Group will hold a series of seminars for Internet developers on advanced-level Macromedia Flash 5 and Director 8.5 at the Duquesne University campus in Pittsburgh, July 23-27. Call 877-NUMEDIA for more information or visit www.macromediaseminars.com for more information.

  • Marcus Evans will conduct a conference on networking market data distribution at Windows on the World in New York City, July 23-24. The event is for financial executives interested in learning how to manage stock market data under the current legal and regulatory requirements. Executives from Morgan Stanley, Chicago Board Option Exchange, the New York Board of Trade and legal professionals will speak.

  • The Optical Components Forum, from Marcus Evans, takes place in Washington D.C., July 24-26. The conference will have perspectives from equipment makers, component companies and telecom service providers on the state of the telecom industry.

    Frost & Sullivan will host the Internet Marketing Strategies Conference at the Renaissance Parc 55 Hotel in San Francisco, 22-26. The event will focus on how companies can expand their reach through online marketing and advertising strategies. Speakers include executives from Oracle, Hewlett-Packard and 24/7 Media.

    Wednesday, July 25

    Thursday, July 26

    • The Information Management Network will host a conference on developing and financing telecom carrier hotels, which help manage telecom traffic in an urban area, and Internet hosting centers, which provide services like data storage and content delivery to Web sites. The event takes place at the Palace Hotel in San Francisco, July 26-27. Speakers include representatives from Exodus Communications, Sprint and Metromedia Fiber Network.

    EARNINGS REPORTS

    Monday, July 23

    • BellSouth is a "Baby Bell" operating company that provides phone service to businesses and individuals in the southeast. Per-share consensus estimate for the second quarter: profit of 54 cents.

    • Cox Communications provides cable TV as well as voice and data service. Per-share consensus estimate for the second quarter: loss of 21 cents.

    • Texas Instruments makes computer chips for electronic equipment including wireless phones. Per-share consensus estimate for the second quarter: profit of 2 cents.

    • Altera manufactures chips. Per-share consensus estimate for the second quarter: profit of 8 cents.

    • Amazon.com runs a major e-commerce Web site of the same name. Per-share consensus estimate for the second quarter: loss of 22 cents.

    • Excite@Home provides high-speed Internet access. Per-share consensus estimate for the second quarter: loss of 16 cents.

    • BMC Software develops database software. Per-share consensus estimate for the fiscal first quarter: profit of 7 cents.

    • Computer Associates makes software for business networks. Per-share consensus estimate for the fiscal first quarter: profit of 48 cents.

    • Marimba makes Internet software. Per-share consensus estimate for the second quarter: loss of 10 cents.

    • ONI Systems makes optical telecom equipment for urban area networks. Per-share consensus estimate for the second quarter: loss of 5 cents.

    • AT&T provides long-distance and data communications services to individuals and businesses. Per-share consensus estimate for the second quarter: profit of 3 cents.

    Tuesday, July 24
    • AT&T Wireless provides mobile phone service. Per-share consensus estimate for the second quarter: loss of one cent.

    • Arrow Electronics distributes computers and other electronics. Per-share consensus estimate for the second quarter: profit of 2 cents.

      Lattice Semiconductor builds computer chips. Per-share consensus estimate for the second quarter: profit of 13 cents.

    • Lucent Technologies makes telecom equipment. Per-share consensus estimate for the third quarter: loss of 21 cents.

    • Nextel Communications provides mobile phone service. Per-share consensus estimate for the second quarter: loss of 53 cents.

    • "Baby Bell" Qwest Communications International provides voice and data services to businesses and consumers. Per-share consensus estimate for the second quarter: profit of 9 cents.

    • CNET Networks, the publisher of News.com, operates a Web site that provides technology information. Per-share consensus estimate for the second quarter: loss of 17 cents.

    • Linear Technology makes chips for equipment including PCs and communications gear. Per-share consensus estimate for the fiscal fourth quarter: profit of 26 cents.

    • PeopleSoft makes database software for businesses. Per-share consensus estimate for the second quarter: profit of 12 cents.

    • Peregrine Systems produces business software. Per-share consensus estimate for the fiscal first quarter: profit of 12 cents.

    Wednesday, July 25
    • Agere Systems makes optical components and chips for telecom equipment. Per-share consensus estimate for the fiscal third quarter: loss of 7 cents.

    • Electronic Data Systems offers computer network consulting services to businesses. Per-share consensus estimate for the second quarter: profit of 62 cents.

    • Homestore.com operates a network of real estate Web sites. Per-share consensus estimate for the third fiscal quarter: profit of 11 cents.

    • Harris makes communications equipment. Per-share consensus estimate for the fiscal fourth quarter: profit of 36 cents.

      FTD.com markets and sells flowers online. Per-share consensus estimate for the fiscal fourth quarter: no estimates were available.

    • Siemens is a German company that makes electronic equipment for medical, telecom, industrial and other uses. Per-share consensus estimate for the fiscal fourth quarter: no estimates were available.

    • XO Communications is a telecom services provider. Per-share consensus estimate for the second quarter: loss of $1.31.

    • Xerox makes copy machines and other office computer equipment. Per-share consensus estimate for the second quarter: loss of 10 cents.

    • SBC Communications is a "Baby Bell" operating company that provides telecom services. Per-share consensus estimate for the second quarter: profit of 57 cents.

    • Compaq Computer makes PCs. Per-share consensus estimate for the second quarter: profit of 4 cents.

    • BroadVision makes software that helps build Web sites. Per-share consensus estimate for the second quarter: loss of 19 cents.

    • Foundry Networks makes telecom equipment. Per-share consensus estimate for the second quarter: profit of 5 cents.

    • Corning manufactures glass products including fiber optic cable for telecom networks. Per-share consensus estimate for the second quarter: profit of 18 cents.

    • Read-Rite manufactures components for hard disk drives in PCs. Per-share consensus estimate for the fiscal third quarter: profit of 3 cents.

    Thursday, July 26
    • France-based Alcatel builds telecom and communications equipment. Per-share consensus estimate for the second quarter: no estimates were available.

    • Japan-based Sony makes consumer electronics products. Per-share consensus estimate for the second quarter: no estimates were available.

    • Taiwan Semiconductor Manufacturing Co. is an outsource maker of computer chips. Per-share consensus estimate for the second quarter: zero cents.

    • WorldCom provides long distance phone services. Per-share consensus estimate for the second quarter: profit of 20 cents.

    • Electronic Arts makes home video game software. Per-share consensus estimate for the fiscal first quarter: loss of 34 cents.

    • Exodus Communications provides outsourced hosting services to Web sites. Per-share consensus estimate for the second quarter: loss of 26 cents.

    • JDS Uniphase makes optical components for telecom equipment. Per-share consensus estimate for the fiscal fourth quarter: profit of 3 cents.

    • Qualcomm makes chips for mobile phones. Per-share consensus estimate for the fiscal third quarter: profit of 21 cents.

    • VeriSign produces security software. Per-share consensus estimate for the second quarter: profit of 14 cents.

    • Sybase makes network software for large businesses. Per-share consensus estimate for the second quarter: profit of 23 cents.

    ECONOMIC REPORTS

    Wednesday, July 25

    • The National Association of Realtors reports Existing Home Sales for the month of June, representing the number of previously built homes sold nationwide. The data indicate the strength of demand in housing and in the overall economy on the premise that the economy heats up as more consumers buy homes, cars and other high-ticket items.

    Thursday, July 26
    • Initial Claims refers to the number of people who filed for unemployment benefits each week as reported by the Department of Labor. Claims will be reported for the week of July 21.

    • The Labor Department's Employment Cost Index measures quarterly changes in compensation costs, including wages, salaries and costs to employers for employee benefits.

      Durable Goods Orders represents the percentage increase or decrease of big ticket items purchased, such as washing machines and refrigerators as reported monthly by the Commerce Department. Economists use the number to measure demand in the economy.

      The Help Wanted Index is a monthly survey by the Conference Board of the volume of help-wanted advertising in major national newspapers. Wall Street uses the index to measure trends in job growth. No estimates were available for June, but in May, the index fell to 60 from 65 in April. In May of 2000, the index was at 83.

    Friday, July 27
    • The Commerce Department will release preliminary Gross Domestic Product numbers for the second quarter of 2001. GDP represents the nation's total output of goods and services. GDP rose 1.2 percent for the first quarter, and 1.0 percent in the fourth quarter of 2000.

      The Commerce Department will release New Home Sales figures for June, which represents the number of new homes sold in the United States, and serves as another measure of demand in the economy.