The summer lull is bound to kick in during the last month of the quarter, but investors will have a few things to attract their attention, as Amazon.com meets with analysts and Caldera Systems reports its earnings.
Amazon's analyst meeting will take place Tuesday. It could be an interesting encounter. The company has been under fire from a group of analysts who express concern about its finances and corporate governance.
The New York Society of Security Analysts has hosted forums on Amazon, criticizing the financial information it provides to investors and arguing that its board of directors does not have the experience necessary to run the company.
At a shareholders' meeting last month, CEO Jeff Bezos tried to address those concerns by announcing that Amazon is considering expanding its board.
The company may also face questions about its privacy policies. The Federal Trade Commission said last week that Amazon and its Alexa Internet subsidiary probably made deceptive statements about their practices when they claimed they didn't keep personally identifiable information in Alexa's database of Web-usage patterns. But the FTC decided not to punish the company because the problem has been addressed.
Caldera will report its first quarterly results after its acquisition of The Santa Cruz Operation. Analysts expect the maker of Linux software to post a loss of 23 cents per share in its second quarter. While times have been tough for Linux firms, analysts are somewhat optimistic about the company's prospects.
Other events scheduled this week:
- On Monday, the Storage Networking Industry Association and several prominent storage hardware companies will announce a collaboration to make sure their devices work together. The initiative is the latest in a series of "interoperability" efforts that have plagued the new era of storage devices that are supposed to be independent networked machines instead of subsystems of a server. Partners include the most prominent storage device companies, including EMC, Compaq Computer, IBM and Hitachi Data Systems, as well as storage network companies Brocade Communications and McData.
The JavaOne conference takes place in the Moscone Center, San Francisco, June 4-8. Sun Microsystems' show for programmers and companies using Java software will feature a Monday keynote speech by Chief Operating Officer Ed Zander and Java general manager Richard Green, a Tuesday keynote speech by Nokia President Pekka Ala-Pietila and Sun software Executive Vice President Pat Sueltz, and a Wednesday keynote speech by Sun Chief Scientist Bill Joy and Sun Chief Technology Officer Greg Papadapoulos. The show will highlight the latest developments in the use of Java for powering business programs on large servers and games on smart cell phones.
Supercomm 2001 takes place at the Georgia World Congress Center and the Georgia Dome in Atlanta, June 3-7. The event provides executives from telecom equipment makers and carriers to network and view the latest technology in the industry. Keynote speakers include SBC Communications CEO Edward Whitacre; Michael Powell, chairman of the Federal Communications Commission; and Level 3 Communications CEO James Crowe.
Computex Taipei takes place in Taipei, Taiwan, June 4-8. The event is billed as the world's No. 3 computer trade show and is held in the nerve center of computer component land, where much of the world's motherboards and notebook computers are made.
Authoria will host its User Conference at Disney's Yacht and Beach Club Resort in Lake Buena Vista, Fla. June 3-6. The event is for human resources and benefits executives as well as health insurance providers who want to learn about supplying benefit information to employees and customers through the Internet.
Tuesday, June 5
- E-commerce Web site Amazon.com will hold its analyst meeting on June 5. The event will be shown live and archived on Amazon's site.
Wednesday, June 6
- The San Diego Chapter of the National Investor Relations Institute will conduct two seminars entitled "The Internet: Friend or Foe for Investors" and "Who's Online and What Are they
Looking For? IR Internet Disasters--How to Avoid Them" at the Hyatt Regency
Aventine in La Jolla, Calif., on June 6.
- The INDUS Entrepreneur, Carmel Group, and the Forum for Women Entrepreneurs co-sponsor the iWireless Forum at the Hyatt Rickeys in Palo Alto, Calif., on June 6. The event will address the problems of raising capital for wireless ventures in the current market climate.
- Computer maker Hewlett-Packard will conduct its semiannual analysts' meeting at the company's Executive Briefing Center in Cupertino, Calif., on June 6. Speakers include HP CEO Carly Fiorina and other company executives. A live Webcast of the morning speeches and Q&A session can be accessed on the HP
Web site. The presentation starts at 8 a.m. PDT.
Thursday, June 7
- California Micro Devices will host a conference call on their mid-first quarter update for fiscal year 2002 on June 7 at 2:00 p.m. PST. The call-in number 1-800-752-1361 and the identification number is 05170191.
- Microsoft's Jon DeVaan, senior vice president of the TV Division will speak about the company's new TV platform at its Mountain View offices on June 8 as part of its Silicon Valley Speaker Series. Contact Rachel Wayne of Waggener Edstrom at (503) 443-7823 for more information.
Friday, June 8
- Merrill Lynch hosts Techtopia Europe at Le Meridien Grosvenor House in London on June 8. The event will feature presentations by communication equipment makers. Featured speakers include George Gilder, president of Gilder Technology Group.
- Comverse Technology makes software and equipment for telecommunications companies. Per-share estimate for the fiscal first quarter: profit of 42 cents.
- Certicom makes encryption software for wireless communication devices like mobile phones, handheld computers and pagers. Per-share estimate for the fourth fiscal quarter: loss of 31 cents.
- Dycom Industries engineers, constructs and maintains networks phone companies and cable TV operators. Per-share estimate for the third fiscal quarter: profit of 26 cents.
- Caldera makes Linux-based operating system software. Per-share estimate for the second fiscal quarter: loss of 23 cents.
- Dataram makes memory boards for computers. Per-share estimate for the fiscal fourth quarter: profit of 11 cents.
- Procom Technology manufactures computer data storage equipment. Per-share estimate for the fiscal third quarter: loss of 26 cents.
- CommTech Telecommunications makes equipment for telecom companies. Per-share estimates for the fiscal third quarter: profit of 17 cents.
Tuesday, June 5
- Productivity refers to the change in non-farm business productivity at annual and quarterly percentage rates from Labor Department estimates. This revised number is expected to fall 0.7 percent for the first quarter from the previous quarter's drop of 0.1 percent.
- The Non-manufacturing NAPM index tracks how many hard goods were bought monthly by purchasing managers in the services industry. The index fell to 47.1 percent in April from 50.3 percent in March.
- 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 of June 2.
- Wholesale Inventories represents the percentage change in the amount of goods in wholesale inventories in the United States. No estimates were available for April, but inventories increased by 0.1 percent in March from the previous month.
- 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 increase to $8.6 billion in April from the previous month's $6.1 billion.