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Week ahead: It's oh so quiet

The tech sector takes a pre-Labor Day break, with Tech Data and McData among the smattering of companies scheduled to report earnings.

Following are some of the notable tech-related events scheduled for the week of Aug. 24.

It looks like a relatively quiet week for the tech sector, with few companies reporting quarterly results or trotting out their latest wares at trade shows.

Tech Data and McData will be among the smattering of tech companies to report their earnings, while trade shows will be few and far between.

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

Events scheduled this week:

Tech Events

Monday, Aug. 25

  • Tech heads can learn about selecting, implementing and managing a network with the latest technology at IBM's 2003 Networking Solutions Technical Conference (NSTC), Aug. 25-29 in Miami Beach, Fla.

Tuesday, Aug. 26

  • Product peek. Information technology managers will get a preview of the new Microsoft Office System and learn the ins and outs of dealing with employee software problems at the Microsoft TouchPoint Series seminar, Aug. 26 in Pueblo, Colo.

Thursday, Aug. 28

  • Show me the money. Entrepreneurs and venture capitalists will have a chance to swap business cards and ideas at the Fundraising Forum Deal Showcase, Aug. 28 in Menlo Park, Calif.

Friday, Aug. 29

Earnings

Monday, Aug. 25

  • McData develops storage networking hardware, software and services. It is expected to report a second-quarter profit of 7 cents a share.

Tuesday, Aug. 26
  • Semtech makes analog and mixed-signal processors. It is expected to report a second-quarter profit of 9 cents a share.

Wednesday, Aug. 27
  • Tech Data distributes information technology products. It is expected to report a second-quarter profit of 36 cents a share.

Economic Reports
Monday, Aug. 25
  • Home Sales tracks housing activity. July sales of existing homes are expected to rise to 5.9 million from 5.83 million the previous month. New home sales are expected to dip to 1.14 million from 1.16 million the previous month.

Tuesday, Aug. 26
  • Consumer Confidence tracks the results of a broad survey on consumer spending expectations. The August index is expected to rise to 79.7 from 76.6 the previous month.
  • Durable Goods measures the value of shipments and orders of all goods with an intended lifespan of three or more years. The total is expected to fall to 0.9 percent in July from 2.3 percent the previous month.

Thursday, Aug. 28
  • Initial Claims is the weekly total of new claims filed for unemployment compensation. The total is expected to rise to 391,000 for the week ended Aug. 23 from 386,000 the previous week.

Friday, Aug. 29
  • Personal Income measures income from all sources. July growth is expected to remain steady at 0.3 percent.