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Tech Industry

Week ahead: Lazy days of summer

After several weeks of high-profile trade shows and earnings announcements from major tech companies, the industry seems to be ready for a nap.

Following are some of the notable tech-related events scheduled for the week of July 27 through Aug. 2.

After several weeks of high-profile trade shows and earnings announcements from major tech companies, the industry seems to be ready for a nap.

Earnings action will be light over the next week, with the main tech stars being whistling-past-the-telecom-graveyard cell phone giant Verizon and travel ticket discounter Priceline, set to report second-quarter results Wednesday. The travel company already warned that earnings will be slightly lower than expected, due to sluggish overall travel spending and Northwest Airlines' decision to withdraw from the service.

Also scheduled to report are Internet service provider EarthLink, ReplayTV owner Sonicblue and chip companies United Microelectronics and KLA-Tencor.

Trade show action is also minimal, with highlights being a pair of customer service-oriented events in Chicago and a hacker confab in Las Vegas.

The big event for investors will be the release Friday of July unemployment figures.

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

Other events scheduled this week:

Tech Events
Monday, July 29
  • Making customers happy is the focus of the International Call Center Management conference, devoted to the folks who run corporate telephone banks. The event happens July 29-Aug. 1 at McCormick Place in Chicago, in conjunction with CRM Solutions, and focuses on the growing market for customer relationship management software.

  • Learn about security from the hacker side of the fence at the Black Hat Briefings, a series of workshops happening July 29-Aug. 1 at Caesar's Palace in Las Vegas.

Tuesday, July 30
  • Budding filmmakers will sample the latest technology at the Los Angeles Digital Video Conference, to be held July 30 and 31 in Los Angeles at the Hilton Burbank Airport and Convention Center in Los Angeles.

Thursday, Aug. 1
Earnings

Monday, July 29

  • CyberOptics makes equipment for the semiconductor industry. It's expected to report a second-quarter loss of 28 cents a share.

  • Software maker Micromuse is expected to report a profit of a penny per share for its third quarter.

  • Web names registration service Register.com is expected to report a second-quarter profit of 6 cents a share.

Tuesday, July 30
  • Components supplier Arrow Electronics is expected to report a profit of 4 cents a share for its second quarter.

  • Former supercomputer giant Cray is expected to report break-even results for its second quarter.

  • ISP EarthLink is pegged for a second-quarter loss of 9 cents a share.

  • Chipmaking equipment company KLA-Tencor is seen posting a second-quarter profit of 20 cents a share.

  • Analysts see a second-quarter profit of 18 cents a share for computer services company Perot Systems.

  • United Microelectronics, one of the world's largest contract chipmakers, is forecast to report second-quarter earnings of 5 cents a share.

Wednesday, July 31
  • Global positioning systems leader Garmin is expected to report a second-quarter profit of 29 cents a share.

  • Computing products distributor Ingram Micro is expected to report a second-quarter profit of 6 cents per share.

  • Game publishers 3DO and Midway are expected to report per-share losses of 5 cents and 16 cents, respectively.

  • Collaboration software maker Open Text is expected to report a fourth-quarter profit of 31 cents a share.

  • Priceline.com is seen posting a second-quarter profit of 3 cents a share.

  • Read-Rite, which makes components for PC hard disks, is expected to report a third-quarter loss of 42 cents.

  • Sonicblue, which makes ReplayTV video recorders and MP3 players, is expected to report a second-quarter loss of 5 cents a share.

  • Communications giant Verizon is expected to report a second-quarter profit of 77 cents a share.

Thursday, Aug. 1
  • Communications conglomerate Time Warner Telecom is seen posting a second-quarter loss of 30 cents a share.

Friday, Aug. 2
  • Antivirus software and services company Trend Micro reports second-quarter results; no estimates are available.

Economic Reports
Tuesday, July 30
  • Economic researchers from the Conference Board and the University of Michigan release Consumer Confidence indexes for July. They're expected to dip from 106.4 to 102.

Wednesday, July 31
  • The Commerce Department reports the Gross Domestic Product, the government's broadest measure of economic activity, for the second calendar quarter of the year. The market expects growth to dip to 2.3 percent, from 6.1 percent.

Thursday, Aug. 1
  • The Commerce Department reports Initial Claims for unemployment compensation for the week ending July 27. Expected to grow a bit to 365,000, from 362,000 a week earlier.

  • The Commerce Department also reports figures for Construction Spending in June. Growth is expected to be down slightly, from 0.6 percent to 0.2 percent.

Friday, Aug. 2
  • The Commerce Department reports the overall Unemployment Rate for July, one of the most significant indicators of overall economic health. It's expected to hold steady at 5.9 percent.

  • The Commerce Department also reports Factory Orders for July, combining figures on both durable and non-durable goods. Growth is expected to hold steady at .5 percent.