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Tech Industry

The week ahead: Earnings pageant begins

Earnings season kicks off with a bang this week. Big names on tap: IBM, Intel, AMD, Gateway, AOL Time Warner and Microsoft, among others.

Following are some of the notable tech-related events scheduled for the week of April 16 through April 20.

Earnings season kicks into high gear with bellwethers such as IBM, Intel, AMD, Gateway and Siebel Systems all scheduled to report their first-quarter numbers.

With the notable exception of IBM, most of the big-name chip and PC makers have already watered down their sales and earnings expectations for the quarter after a dramatic slowdown in technology spending by companies large and small.

This week's batch will not only give investors a better idea of how bad things are going to be for the next few quarters, but also a sneak preview of what people can expect from major customers and suppliers of these companies.

When Intel and Advanced Micro Devices tell investors just how lousy their first quarters were, they'll also shed some light on the earnings prospects for major PC makers.

IBM managed to avoid the profit warning plague this quarter, and in January it delivered strong first-quarter earnings and affirmed its outlook for 2001. Analysts are projecting a profit of 98 cents a share this time around on sales of $20.8 billion.

Other companies set to report their earnings are Vitesse Semiconductor, which is expected to post disappointing numbers this quarter; eBay, one of the few Internet stocks that Wall Street actually cares about these days; PMC-Sierra; i2 Technologies; and RealNetworks.

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

Other events scheduled this week:

Tech Events
Monday, April 16
  • The eBusiness Integration conference will take place in Chicago, April 16-18. The conference will address how companies can use e-commerce and the technology products that can get them there.

Tuesday, April 17

  • The Next Generation Networking Conference will take place at the Hyatt Regency in San Francisco, April 17-19. Presenters include Robert Bailey, CEO of PMC-Sierra, and Christopher Rust, a partner at Sequoia Capital.

  • A federal court in Indianapolis is scheduled to hold a hearing on whether Oklahoma City bomber Timothy McVeigh's execution should be broadcast over the Internet. Entertainment Network, the same company that runs Voyeurdorm.com, hopes to Webcast the execution.

  • The 3G Forum 2001 convenes in Washington, D.C., April 17-18. The event is for executives and companies interested in 3G (third generation) wireless technology and how the new technology will be used.

  • The New York Hilton and Towers hosts the E-finance conference and exposition April 17-18. The event is for companies and executives who wish to learn about how to provide financial services on the Internet.

Wednesday, April 18

  • The RosettaNet Partner Conference takes place at Disneyland Hotel in Anaheim, Calif., April 18-20. The event will focus on RosettaNet standards development, or the creation of common standards used to transmit business information over computer networks, and the consortium's key plans for the year. Companies in attendance will include Microsoft, Tibco, WebMethods and SeeBeyond.

  • The E-learning Conference and Expo will take place at the Washington Convention Center in Washington, D.C., April 18-20. The event is for people interested in using the Internet and computers for corporate training or other educational purposes. Keynote speakers include William Janklow, the governor of South Dakota; Andrew Sadler, a vice president at IBM Mindspan Solutions; and Tom Kelly, chief learning officer of Cisco Systems.

  • The Java Mobile Technology Conference will take place at the MGM Grand Hotel in Las Vegas, April 18-19. The conference will explore how Java software can be used for wireless devices.

  • Market Access International will host a course on network security for managers at Federal Network Systems in Columbia, Md., April 18-19. The course will teach how to protect and secure computer networks in corporations and organizations.

Thursday, April 19

  • Bottomline 2001 takes place at the Mark Hopkins Inter-Continental Hotel in San Francisco, April 19-20. The conference is geared toward fund managers and will explore the role of social and environmental issues within a manager's responsibility to shareholders. The event features panels, speeches and workshops given by fund managers and attorneys.

  • Trendspotting takes place at Renaissance Austin Hotel in Austin, Texas, April 19. The conference is for industry analysts to share ideas and learn about trends in the Texas technology industry. Analysts from Aberdeen Group, Forrester Research, Gartner, Giga Information Group, Gomez, the Institute for Biotechnology Information, Jupiter Media Metrix, Mobile Insights, Semico Research and The Yankee Group are scheduled to attend.

Also this week

  • LUG Fest 2001 takes place at Nortel Networks in Simi Valley, Calif., April 21-22. The event is for users of the Linux operating system to get together and share information about the software. The gathering also includes demonstrations and speeches.

  • The New York Music and Internet Expo will kick off at Madison Square Garden, April 21-22. The event is for musicians as well as music producers and executives within the industry to learn how technology affects the music business. Keynote speakers include music technology pioneer Ray Kurzweil.

Earnings

Monday, April 16

  • Vitesse Semiconductor makes chips for communications equipment. Per-share consensus estimate for the fiscal second quarter: profit of 10 cents.

  • Unisys makes computer hardware and software for businesses. Per-share consensus estimate for the first quarter: profit of 22 cents.

Tuesday, April 17
  • Sprint PCS operates a mobile phone network. Per-share consensus estimate for the first quarter: loss of 36 cents.

  • Advent Software makes server software. Per-share consensus estimate for the first quarter: profit of 16 cents.

  • Intel makes chips for a broad line of computer products. Per-share consensus estimate for the first quarter: profit of 15 cents.

  • Linear Technology also makes chips. Per-share consensus estimate for the fiscal third quarter: profit of 36 cents.

  • ONI Systems makes equipment for optical networks. Per-share consensus estimate for the first quarter: loss of 8 cents.

  • RF Micro Devices makes components for wireless communications products. Per-share consensus estimate for the first quarter: loss of 1 cent.

  • RealNetworks makes software that displays audio and video content over the Internet. Per-share consensus estimate for the first quarter: profit of 2 cents.

  • Teradyne makes semiconductors. Per-share consensus estimate for the first quarter: profit of 33 cents.

  • Texas Instruments manufactures chips for wireless phones. Per-share consensus estimate for the first quarter: profit of 16 cents.

  • Veritas Software makes data storage software. Per-share consensus estimate for the first quarter: profit of 20 cents.

  • Cadence Design Systems develops software that aids in the design of chips and electronic systems. Per-share consensus estimate for the first quarter: profit of 15 cents.

Wednesday, April 18
  • Apple Computer makes PCs. Per-share consensus estimate for the fiscal second quarter: profit of 1 cent.

  • Advanced Micro Devices makes chips for PCs and other types of computers. Per-share consensus estimate for the first quarter: profit of 33 cents.

  • AOL Time Warner produces magazines, TV shows and Internet content, and also provides access to the Internet. Per-share consensus estimate for the first quarter: profit of 20 cents.

  • Broadcom makes chips for cable TV set-top boxes and other communications equipment. Per-share consensus estimate for the first quarter: profit of 9 cents.

  • Level 3 Communications operates a long-distance fiber optic network. Per-share consensus estimate for the first quarter: loss of $1.74.

  • Knight Trading Group operates an electronic trading network for stock trading Web sites. Per-share consensus estimate for the first quarter: profit of 18 cents.

  • Tellabs makes communications equipment for networks. Per-share consensus estimate for the first quarter: profit of 29 cents.

  • Altera makes chips. Per-share consensus estimate for the first quarter: profit of 16 cents.

  • CDW Computer Centers distributes computer products. Per-share consensus estimate for the first quarter: profit of 41 cents.

  • Citrix Systems produces network software. Per-share consensus estimate for the first quarter: profit of 17 cents.

  • Extreme Networks makes networking equipment. Per-share consensus estimate for the third quarter: loss of 7 cents.

  • i2 Technologies makes software for manufacturers. Per-share consensus estimate for the first quarter: profit of 2 cents.

  • KLA-Tencor makes manufacturing equipment for chipmakers. Per-share consensus estimate for the third quarter: profit of 44 cents.

  • Siebel Systems creates software that helps companies manage customer accounts. Per-share consensus estimate for the first quarter: profit of 14 cents.

  • IBM makes computer hardware. Per-share consensus estimate for the first quarter: profit of 98 cents.

Thursday, April 19
  • BellSouth provides phone services to businesses and consumers. Per-share consensus estimate for the first quarter: profit of 54 cents.

  • Microsoft makes software for businesses and consumers. Per-share consensus estimate for the fiscal third quarter: profit of 42 cents.

  • Sun Microsystems makes software and hardware for the Internet and networks. Per-share consensus estimate for the fiscal third quarter: profit of 7 cents.

  • Cypress Semiconductor manufactures chips for communications equipment. Per-share consensus estimate for the first quarter: profit of 26 cents.

  • EMC makes computer data storage equipment and software. Per-share consensus estimate for the first quarter: profit of 18 cents.

  • Sybase makes database software. Per-share consensus estimate for the first quarter: profit of 25 cents.

  • Xilinx provides chips for manufacturers. Per-share consensus estimate for the fiscal fourth quarter: profit of 22 cents.

  • Commerce One develops e-business software. Per-share consensus estimate for the first quarter: loss of 11 cents.

  • Copper Mountain makes DSL (digital subscriber line) equipment. Per-share consensus estimate for the first quarter: loss of 29 cents.

  • Conexant makes chips for communications equipment. Per-share consensus estimate for the first quarter: loss of 7 cents.

  • eBay is an online auction Web site. Per-share consensus estimate for the first quarter: profit of 8 cents.

  • Emulex makes servers for computer networks. Per-share consensus estimate for the fiscal third quarter: profit of 13 cents.

  • F5 Networks makes networking equipment. Per-share consensus estimate for the fiscal second quarter: loss of 22 cents.

  • Gateway makes and sells PCs. Per-share consensus estimate for the first quarter: loss of 1 cent.

  • Inktomi makes Internet search software. Per-share consensus estimate for the fiscal second quarter: loss of 25 cents.

  • Lattice Semiconductor makes chips. Per-share consensus estimate for the first quarter: profit of 27 cents.

  • Nortel Networks makes communications equipment. Per-share consensus estimate for the first quarter: loss of 12 cents.

  • Network Associates produces security software. Per-share consensus estimate for the first quarter: loss of 20 cents.

  • PMC-Sierra makes chips for communications and networking equipment. Per-share consensus estimate for the first quarter: profit of 2 cents.

Economic Reports

Tuesday, April 17

  • Housing Starts are expected to reach 1.64 million for March, down from 1.647 million the previous month, as reported by the Department of Commerce.

  • Industrial Production represents the monthly percentage change in industrial output from the Federal Reserve. The number measures the physical quantity of items produced, unlike sales value, which combines quantity and price. Economists expect production to fall 0.2 percent for the month of March compared with February's fall of 0.6 percent.

  • The monthly Capacity Utilization report from the Federal Reserve indicates the percentage of industrial capacity in use. Wall Street expects utilization for March to fall to 79 percent from the previous month's 79.4 percent.

  • The Consumer Price Index is expected to rise 0.1 percent in March from last month's rise of 0.3 percent. The core CPI, which excludes food and energy prices, is expected to rise 0.2 percent from February's 0.3 percent increase. This Labor Department index tracks the change in prices at the consumer level.

Wednesday, April 18
  • The Trade Balance is the value of U.S. imports subtracted from exports. The deficit is expected to contract to -$33 billion in February from -$33.3 billion in January as reported monthly by the Commerce Department.

  • The index of Leading Economic Indicators is expected to fall 0.3 percent for March from the previous month's drop of 0.2 percent as compiled by the Conference Board, a business group. The index, designed to signal peaks and troughs in the business cycle, is a combination of 10 indicators, including consumer expectations, money supply data, and the change in housing permits issued. A negative reading generally indicates an oncoming recession, while a positive value signals an expansion.

Thursday, April 19
  • 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 ended April 14. Analysts expect claims to fall to 385,000 from the previous week's 392,000.

  • The Philadelphia Federal Reserve's monthly Business Outlook Survey is a survey of manufacturers in the Third Federal Reserve District that tracks the direction of change in overall business activity at their plants. Wall Street expects the index to fall to -24 for the month of April from March's -23.5.

  • The Treasury Budget is a monthly report of the surplus or deficit of the U.S. government from the Department of Treasury. The March deficit is expected to increase to -$46 billion from -$35.4 billion in February.