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Tech Industry

The week ahead: Investors await Oracle's truth

Wall Street expects the database software giant to make 14 cents a share for the quarter. Other software makers like Verity and Red Hat will also report earnings this week.

    Following are some of the notable tech-related events scheduled for the week of June 18 through June 22.

    The week starts off briskly as Oracle is scheduled to report fiscal fourth-quarter earnings on Monday.

    Wall Street expects the database software giant to make 14 cents a share for the quarter. That compares to 16 cents for the same quarter last year according to analysts surveyed by First Call.

    Analysts also expect the company to generate $3.4 billion in revenue versus $3.37 billion a year ago.

    Industry watchers have been sounding the alarm and expecting that Oracle will turn in a weak quarter, since it faces new competition from IBM and Microsoft.

    Other software makers like Verity and Red Hat will also report earnings 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, June 18

    • The Computer and Communications Industry Association will hold an event called 2001 Washington Caucus at the St. Regis Hotel in Washington, D.C., June 18-19. The gathering will give Association members the opportunity to meet members of Congress and discuss topics like e-commerce and Internet privacy.

    • Microsoft will conduct TechEd at the Georgia World Congress Center in Atlanta, June 17-21. The conference is for developers and programmers interested in learning about Microsoft's .Net products. Keynote speakers include Microsoft Chairman Bill Gates.

    • Broadband Year 2001will take place at the San Jose Convention Center in San Jose, Calif., June 18-22. The event is meant to serve people in the communications industry and will address topics related to high-speed networks. Keynote speakers include Michael Golden, chief technology officer at Enron.

    • On the lighter side of things, Broadband Year 2001 will also host the Sexiest Geek Alive pageant and crown the overall winner selected from the finalists of regional contests.

    • Jupiter Media Metrix hosts the Global Online Advertising Forum at Hotel Martinez in Cannes, France, June 18-19. The event will address issues and obstacles relevant to advertising on the Internet. Myer Berlow, president of worldwide interactive marketing at AOL Time Warner, is one of the event's three keynote speakers.

    Tuesday, June 19

    • The Securities Industry Association holds the Technology Management Conference & Exhibition at the Hilton Hotel in New York City, June 19-21. The conference is for finance executives responsible for managing activities like communications, data processing, trading room support and Internet technology. Speakers include Cisco Systems CEO John Chambers, Sprint CEO William Esrey, and PaineWebber CEO Joseph Grano.

    • InfoWorld hosts CTO Forum at the Plaza Hotel in San Francisco, June 19-21. The event will focus on issues related to the duties of chief technology officers at large corporations. Panelists include William Raduchel, CTO of AOL Time Warner, with speakers like Network Appliance CEO Dan Warmenhoven and Oracle CFO Jeffrey Henley.

    Wednesday, June 20

    • The U.S. Department of Labor will hold 21st Century Workforce Summit at the MCI Center in Washington, D.C., June 20. This event provides a forum for business, labor, academics and government leaders to discuss issues related to how the changing U.S. economy affects workers. Speakers include Microsoft CEO Steve Ballmer and Hewlett-Packard CEO Carly Fiorina.

    • The Detroit Information Technology Exposition and Conference will take place at the NOVI Expo Center in Detroit, Mich., June 20-21. The conference will introduce developments happening with computers, telecommunications, e-Commerce, Internet, software, networking, wireless and network security.

    • Streaming Media West 2001 kicks off at the Long Beach Convention Center in Long Beach, Calif., June 20-22. The conference is for individuals who are interested in delivering media over the Internet. Keynote speakers include Inktomi CEO David Peterschmid and RealNetworks CEO Rob Glaser.

    Earnings

    Monday, June 18

    • Oracle makes database software for corporations. Per-share consensus estimate for the fiscal fourth quarter: profit of 14 cents.

    • Solectron provides outsourced manufacturing services for electronics and computer makers. Per-share consensus estimate for the fiscal third quarter: profit of 13 cents.

    Tuesday, June 19
    • Jabil Circuit makes electronic components for computer makers. Per-share consensus estimate for the fiscal third quarter: profit of 13 cents.

    • Red Hat makes software based on the Linux operating system. Per-share consensus estimate for the fiscal first quarter: breakeven.

    Wednesday, June 20
    • Riverstone Networks manufactures telecom equipment. Per-share consensus estimate for the fiscal first quarter: loss of 5 cents.

    • Verity makes search software. Per-share consensus estimate for the fiscal fourth quarter: profit of 25 cents.

    Thursday, June 21
    • Tektronix makes test gear for the computers, chips and telecom equipment. Per-share consensus estimate for the fiscal fourth quarter: profit of 34 cents.

    Economic Reports

    Tuesday, June 19

    • Housing Starts are expected to reach 1.609 million for May, down from 1.60 million the previous month, as reported by the Department of Commerce.

    Wednesday, June 20
    • The index of Leading Economic Indicators (LEI) is expected to rise 0.2 percent for May as compiled by the Conference Board, a business group. In April, the LEI rose 0.1 percent. 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 string of decreases in the index usually can indicate an oncoming recession.

    • The Treasury Budget is a monthly report of the surplus or deficit of the U.S. government from the Department of Treasury. The deficit is expected to increase in May to -$17.5 billion from -$3.6 billion in April.

    Thursday, June 21
    • Initial Claimsrefers to the number of people who filed for unemployment benefits each week as reported by the Department of Labor. Economists expect 430,000 people to file for assistance for the week of June 16 compared to 428,000 the week before.

    • The Trade Balance, or the value of U.S. imports subtracted from exports, is expected to shrink to a deficit of -$30.9 billion in April from -$31.2 billion in March as reported monthly by the Commerce Department.

    • The Current Account is a measure of all the import and export transactions for a given quarter as reported by the Commerce Department. A negative number means the U.S. bought more foreign goods than it sold and a positive current account indicates the U.S. exported more goods. Wall Street expects the current account deficit to decrease to $106 billion for the first quarter, compared to a deficit of $115.3 billion for the fourth quarter.

    • 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 decline 10 percent for the month of June versus the previous month's drop of 8.8 percent.