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Tech Industry

The week ahead: Shareholder sound-off, DoubleClick and Commerce One will hold their annual shareholders meetings, while investors brace for news on two measures of consumer confidence.

    Following are some of the notable tech-related events scheduled for the week of May 27 through May 31.

    A few shareholders meetings will keep at least some investors occupied despite the otherwise tame Memorial Day holiday week., DoubleClick and Commerce One will all hold their annual shareholders meetings this Wednesday.

    TiVo, a provider of equipment that lets consumers digitally record TV programs, will be one of the few technology companies to announce earnings this week.

    Wall Street analysts expect the company to lose 66 cents a share for its fiscal first quarter, according to a survey from First Call. The company lost $1.20 a share during the same quarter last year.

    Investors will also keep an eye out for two measures of consumer confidence this week. Consumer spending accounts for about two-thirds of U.S. economic activity, and investors will hope that U.S. shoppers can keep the cash registers ringing.

    The Conference Board releases its consumer index Tuesday, and the University of Michigan report comes out Friday.

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

    Other events scheduled this week:

    Tech Events
    Tuesday, May 28
    • Microsoft and Intel will conduct a course for developers on Microsoft's .Net software at the Marriott in Burlington, Mass., May 28-29.

    • The World Wireless Congress takes place at the Renaissance Parc 55 Hotel in San Francisco, May 28-31. The event will highlight technology developments in the wireless industry and features keynote speakers from Nortel Networks, Nokia, Motorola, Siemens, Alcatel, Samsung Electronics, Qualcomm, Ericsson, Intel and the Federal Communications Commission.

    • Chip equipment maker Novellus Systems will Webcast a conference call that will give investors a midquarter update on the company's financial performance.

    Wednesday, May 29
    • The eSecurity Conference takes place at the Sheraton Premiere at Tyson Center in Vienna, Va., May 29-30. The event will focus on e-business security issues.

    • The Enterprise Storage Strategies Conference will also take place at the Sheraton in Vienna, Va., May 29-30, and will address computer data storage issues from a business sector perspective.

    • Handheld zealots will swarm the Loews Hotel in Philadelphia, May 28-31, for the Microsoft-sponsored Pocket PC Summit. The event features keynote speeches from Microsoft executives and other companies.

    • Commerce One, a maker of business-to-business e-commerce software, will hold its annual shareholders meeting May 29 at 9 a.m. PDT. The event will be Webcast.

    • Consumer e-commerce Web site Amazon also will kick off its annual shareholders meeting May 29 at 9 a.m. PDT.

    • DoubleClick, a provider of advertising content to Web sites will hold its shareholders meeting May 29 at 6 a.m. PDT.


    Wednesday, May 29

    • Alloy runs a Web site focused on teens and young adults. Per-share consensus estimate for the first fiscal quarter: profit of 5 cents.

    • Caldera International makes Linux, Unix and management software. No estimates were available for the second fiscal quarter.

    Friday, May 31
    • TiVo offers a service that lets subscribers digitally record TV programs. Per-share consensus estimate for the first fiscal quarter: loss of 66 cents.

    Economic Reports

    Tuesday, May 28

    • Personal income shows the monthly percentage change in household income from the Commerce Department. Wall Street expects income to rise 0.3 percent for April, down from a rise of 0.4 percent in March.

    • The Commerce Department will also release data on personal consumption expenditures, or PCE, which measures purchases of goods and services. Analysts expect personal spending to jump 0.7 percent in April versus a 0.4 percent rise in the previous month.

    • Consumer Confidence will be reported by the Conference Board for the month of May. This figure, measured by an index, represents consumer sentiment toward the economy. Economists expect the index to rise to 110 from 108.8 in the previous month.

    • The National Association of Realtors reports Existing Home Sales for the month of April, 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. Economists expect sales to fall to an annual rate of 5.35 million from 5.4 million in March.

    Thursday, May 30
    • The Help Wanted Index for the month of April 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. In March, the index fell to 46 from February's 47; it was at 67 during March 2001.

    • 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 ending May 25.

    Friday, May 31
    • Quarterly Productivity figures from the Labor Department track the quantity of goods and services produced relative to the amount of labor and capital used in the process and provides a picture of the economy's efficiency. Preliminary data released earlier this month showed an increase of 8.6 percent in first-quarter productivity.

    • The Michigan Consumer Sentiment Index for May is a measure of consumer confidence as reported monthly by the University of Michigan. Preliminary figures for the month put the index at 96.