The new Hewlett-Packard makes its first postmerger earnings report next week, and company executives may be tempted to resurrect a slogan from the Ford administration where, after months of grim economic news, some presidential staffers took to wearing their WIN (Whip Inflation Now) buttons upside down to read NIM--No Immediate Miracles.
While HP has seen someand taken a in the PC market since the merger, executives have said it will take time to fully integrate the Compaq Computer resources it acquired.
HP won't have much competition for center stage of the tech world during the week, with only a mid-quarter update from Sun Microsystems and a few specialty trade shows on tap as everyone prepares for a Labor Day break. The information was gathered from First Call, Hoover's Online, CCBN's StreetEvents and CNET Investor.
Other events scheduled this week:
Monday, Aug. 26
- Get the latest dirt on Web applications at XML Web Services One, running Aug. 26-30 in Boston. The event includes a number of presentations on Microsoft's .Net initiative.
- Chip giant Intel is expected to
- Customer relationship management software takes the spotlight at the CRM Conference & Exhibition, running Aug. 28-30 in New York.
- Sun hosts a conference call with updated information on its first-quarter financial performance.
Tuesday, Aug. 27
- Hewlett-Packard sells printers, PCs and a variety of other computing products and services. It's expected to report a second-quarter profit of 14 cents a share.
- Semtech makes analog and mixed-signal semiconductors. It's expected to report second-quarter earnings of 14 cents a share.
- SeaChange sells video storage systems. It's expected to report a second-quarter loss of a penny per share.
- LTX makes semiconductor testing equipment. It's expected to report a loss of 23 cents a share for the fourth quarter and a loss of 93 cents a share for the 2003 fiscal year.
- Micros Systems sells computer hardware, software and services for the hospitality industry. It's expected to report a profit of 28 cents a share for the fourth quarter and a profit of 68 cents a share for the 2003 fiscal year.
- Neoware Systems sells thin-client computing systems. It's expected to report a profit of 10 cents a share for its fourth quarter and a profit of 24 cents a share for the 2003 fiscal year.
- Stratos Lightwave sells components for optical networking equipment. It's expected to report a first-quarter loss of 6 cents a share.
- Finisar sells networking equipment. It?s expected to report a first-quarter loss of 7 cents a share.
- Pumatech sells software for handheld computers and other mobile devices. It's expected to report a fourth-quarter loss of 7 cents a share.
Monday, Aug. 26
- Home Sales tracks housing activity. July sales of existing homes are expected to rise to 5.7 million, from 5.07 million the previous month. New home sales are expected to dip to 985,000, from just over 1 million the previous month.
- Durable Goods measures the value of all durable goods shipped or ordered. The total is expected to grow 1 percent in July, after a 3.8-percent decline the previous month.
- Consumer Confidence tracks the results of a broad survey on consumer spending expectations. The August index is expected to rise to 98, from 97.1 the previous month.
- Gross Domestic Product is the broadest measure of overall U.S. economic activity. Second-quarter growth is expected to be flat, at 1.1 percent.
- Initial Claims is the weekly total of new claims filed for unemployment compensation. It is expected to drop to 385,000 for the week ended Aug. 24, from 389,000 the previous week.
- Personal Income measures income from all sources. July growth is expected to dip to .4 percent, from .6 percent the previous month.