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Week ahead: Embedded chips enter the spotlight

The quiet unsung heroes used in countless products will be in the limelight this week in Silicon Valley. Meanwhile, Red Hat's hobbyist version of Linux is set to be announced.

Following are some of the notable tech-related events scheduled for the week of May 16.

Embedded processors, the quiet unsung heroes used in countless consumer products, will be in the limelight this week in Silicon Valley. They will be starring at the Embedded Processor Forum 2004 at the Fairmont Hotel in San Jose, Calif. The event promises "a sophisticated industry audience" from around the world and "groundbreaking disclosures" focused on microprocessors and related hardware technologies.

Meanwhile, executives from Advanced Micro Devices and ARM are scheduled to give keynote speeches. Stay tuned.

On the opposite coast, Wall Street brokerage US Bancorp Piper Jaffray is hosting an investor conference May 18 to May 20 in New York, where executives from Dell, Adobe Systems, National Semiconductor, Audible, InfoSpace and other companies will make their pitches.

Penguinistas, take note: On Tuesday, Red Hat's hobbyist version of Linux, Fedora Core 2, is scheduled to be announced. It's Red Hat's first major product to include the new 2.6 version of the Linux kernel, or core.

If that's not enough excitement, crystal ball watchers may be looking for industry signs when Hewlett-Packard reports earnings Tuesday. Chip fabrication industry bellwether Applied Materials is also on tap to report for the quarter.

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

Events scheduled this week:

Tech Events

Monday, May 17

  • Largely unseen but used in countless industries and products, embedded processors are going to step into the limelight this week. Embedded Processor Forum 2004 is back and has some noteworthy keynotes. Embedded Processor Forum 2004, May 17-20, San Jose, Calif.

  • Rub elbows with chief information officers, IT managers, database administrators, planners and others, and listen to the latest from Gartner about business processes and service-oriented architectures. Application Integration & Web Services Summit 2004, May 17-19, Los Angeles.

  • Still looking for something to do? At Forrester's big event, this year's topic will be "Creating Business Value With IT." The forum will feature more than 100 interactive sessions. GigaWorld 2004, May 17-20, Orlando, Fla.

Tuesday, May 18

Earnings

Monday, May 17

  • Agilent Technologies is a test and measurement company. It is expected to report a second-quarter profit of 24 cents a share.

Tuesday, May 18
  • Hewlett-Packard is a maker of PCs, servers, printers, devices and numerous other computing products. It is expected to report a second-quarter profit of 34 cents a share.

  • Applied Materials is a chip equipment maker. It is expected to report a second-quarter profit of 19 cents a share.

  • Network Appliance is an enterprise network storage company. It is expected to report a fourth-quarter profit of 12 cents a share.

Wednesday, May 19
  • Intuit makes tax preparation and personal finance software. It is expected to report a third-quarter profit of $1.16 per share.

  • Brocade Communications Systems is a data storage networking products company. It is expected to report a second-quarter profit of 3 cents a share.

Thursday, May 20
  • McData is a provider of storage area networks. The company is expected to report a break-even first quarter.

Economic Reports

Tuesday, May 18

  • Housing Starts is the total of new home construction projects. The April number is expected to decline to 1.99 million from 2.01 million the previous month.

Thursday, May 20
  • Leading Economic Indicators summarizes previously reported totals such as building permits and unemployment claims. It's expected to report 0.2 percent growth for July, compared with 0.3 percent for the previous month.

  • Initial Claims is the weekly total of new claims filed for unemployment compensation. Briefing.com analysts expect the total to dip slightly to 330,000 for the week ended May 15, from 331,000 in the previous week.