Transmeta, the Santa Clara, Calif.-based maker of chips for notebooks and handheld computers, is scheduled to launch a high-profile initial public offering Monday, a week after IBM suspended a project to release notebooks equipped with the company's chips.
Despite the broken deal with IBM, Transmeta appears poised for a successful debut. On Friday, the company raised the terms of its offering to $16 to $18 per share, from a range of $11 to $13, because of strong investor demand.
Also Monday, Cisco Systems will announce earnings. The company is expected to report that fiscal first-quarter sales rose 61 percent. Investors will be watching Cisco closely, however, following an unfavorable report Oct. 24 from rival Nortel Networks.
Nortel announced that its third-quarter sales fell short of forecasts, creating fears of an overall slowdown for telecommunications-equipment makers.
Other events scheduled this week:
Monday, Nov. 6
- e-Book World will take place at the Marriott Marquis Hotel in New York. The two-day conference and exhibition will examine the technological aspects of e-book publishing, concerns facing traditional publishers, and cultural changes surrounding the technology. Speakers include Richard Sarnoff, president of the Random House New Media and Corporate Development Group; Jason Epstein, former editorial director of Random House and co-founder of The New York Review of Books; Steve Riggio, vice chairman and acting CEO of Barnes&Noble.com; and Dick Brass, vice president of technology development for Microsoft.
- The American Electronics Association Classic Conference will take place Nov. 5-8 at the Sheraton Hotel and Marina in San Diego. Designed for research and security analysts, investment bankers, and portfolio managers, the conference will showcase 300 public technology companies with market capitalization and sales ranging from $100 million to over $10 billion. Speakers will include Nokia vice president of investor relations Ulla James and Applied Micro Circuits president David M. Rickey.
- VentureOne Premiere is intended for venture capitalists, angel investors and entrepreneurs and will be held Nov. 5-7 at the Fairmont Hotel in San Jose, Calif. The event will feature speakers and workshops ranging from "Hot business models that attract venture funding" to "Valuations: How much is your company really worth."
- The Allaire Developer Conference will take place in Washington, D.C., Nov. 5-8. The conference will include in-depth technical sessions and sneak previews of Allaire technologies.
Tuesday, Nov. 7
- The Internet & Technology Financing & Investing Summit 2000 will take place at the
Fairmont Scottsdale Princess Resort in Arizona. The conference will address
the recent downturn in the Nasdaq and ways to capitalize on Internet and technology opportunities. Representatives from more than 60 companies, including Motorola, Cisco Systems and Qualcomm, will attend the conference.
- E-Finance San Francisco will take place at the Hilton & Towers Nov. 7-8. Targeted at technologists and senior managers, the conference will cover B2B exchanges, venture capital, and bridging the gap between traditional financial institutions and online brokers. Speakers include Ann Winblad of Hummer Winblad Venture Partners and Stephen M. Bennett, CEO of Intuit.
Wednesday, Nov. 8
- Driving to end the
Digital Divide will take place at the Presidio Golf Course in San Francisco. Proceeds from the golf tournament will benefit the Technology and Learning Center at the Walden House.
- @d:Tech/New York will take place Nov. 8-10 at the New York Hilton. The conference is designed for marketing and advertising professionals. Topics to be covered include email marketing, privacy and behavior targeting.
Internet Services and Applications will take place at the Wyndham
Emerald Plaza in San Diego Nov. 8-10. Topics include industry forecasts, business models, alliance strategies, and the role of satellites in the growth of the Internet.
- Technology & Society 2000 will take place at the Cato Institute in Washington, D.C. The conference will discuss issues related to free trade, intellectual property and regulation. Speakers will include MP3.com CEO Michael Robertson and Tom Tauke, executive vice president of government affairs for Verizon Communications.
- The National Civic League Conference will take place at the Hilton Crystal City at Ronald Reagan National Airport in Arlington, Va. The conference will explore technology's effect on grassroots activism, political campaigns and the digital divide. Speakers include Melanie Campbell, executive director of the National Coalition on Black Civic Participation, and Steven Clift, founder of Democracies Online Newswire.
Monday, Nov. 6
Disney Internet Group operates entertainment and news Web sites, including Disney Online, ESPN.com, ABC.com and ABCNews.com. The company is 72 percent-owned by The Walt Disney Co. Per-share consensus estimate: loss of 46 cents.
- Garden.com is an online company that sells some 20,000 garden items, including tools, seeds, bulbs, plants, trees and books. Per-share consensus estimate: loss of 62 cents.
- Terra Lycos is a Web portal. Per-share consensus estimate: loss of 62 cents.
- Cisco Systems controls more than three-quarters of the global market for products that link networks and power the Internet, including routers and switches. It also makes dial-up access servers and network management software. Per-share consensus estimate: 17 cents.
- Time Warner Telecom provides telephone services in 22 metropolitan U.S. markets, including broadband services. Per-share consensus estimate: loss of 8 cents.
Tuesday, Nov. 7
- S1 makes Internet applications that allow financial institutions to offer products, services and transactions on the Internet. Per-share consensus estimate: loss of $2.39.
Wednesday, Nov. 8
- 24/7 Media provides online ad services to Web site operators and advertisers. Per-share consensus estimate: loss of 47 cents.
- Internet Capital Group invests in business-to-business start-ups. Per-share consensus estimate: N/A.
- Liquid Audio software lets consumers download, listen to and buy select songs on the Web. Per-share consensus estimate: loss of 51 cents.
- Network Engines develops computer server appliances and related software. Per-share consensus estimate: loss of 8 cents.
Thursday, Nov. 9
- Dell Computer is the leading direct seller of PCs. Per-share consensus estimate: 25
- Meta Group Software provides research, consulting and analysis for computer and information technology professionals. Per-share consensus estimate: loss of 9 cents.
Tuesday, Nov. 7
- The Consumer Credit report by the Federal Reserve shows the monthly debt assumed by consumers for purposes other than home mortgages. This number is expected to fall to $10.8 billion from $13.4 billion in September.
- The import and export price index from the Department of Commerce indicates the percentage change in import and export prices for October. No estimates were available, but in September, import prices, excluding oil, fell 0.3 percent from the previous month. Export prices, excluding agriculture, rose 0.3 percent.
- Wholesale Inventories represents the percentage change in the amount of goods in wholesale inventories in the United States. This number is expected to fall to 0.5 percent for the month of September from 0.6 percent in August.
- The Producer Price Index is expected to fall to 0.1 percent in October from last month's 0.9 percent. The core PPI, which excludes food and energy prices, is expected to fall to 0.1 percent from 0.3 percent. This Labor Department index tracks the cost of what manufacturers pay for raw goods to make products.
- Initial Claims refers to the number of people who filed for unemployment benefits each week as reported by the Department of Labor. That number is expected to rise to 310,000 from 308,000.
- Microsoft co-founder Paul Allen will step down from the company's board of directors next week. Allen quit Microsoft's daily operations in the early 1980s to battle Hodgkin's disease.