Goldman conference to highlight tech
By Mike Tarsala, CBS.MarketWatch.com
Last Update: 5:00 AM ET Feb 11, 2001
PALM SPRINGS, Calif. (CBS.MW) - Against the backdrop of a new plunge in technology stocks, investors will gather at the annual Goldman Sachs Technology Investment Symposium this week to discuss the outlook for the beleaguered group.
The economy is stumbling and some of the best-loved tech stocks are getting whacked again, with a three-day decline in the Nasdaq at the end of last week wiping out all of the index's gains for the year. Junk bonds seem to be out-pacing the growth of tech stocks. Tech trading volume remains low.
All the more reason tech investors will want to listen to what some of the companies still standing have to say.
Tom Siebel, chief executive and founder of sales software maker Siebel Systems (SEBL: news, msgs) will kick off events Monday in this California desert resort town. He's expected to give his outlook for information technology spending, and perhaps some secrets behind his company's 170 percent earnings growth.
Some of the market's most highly valued companies will be represented, including storage expert Veritas Software (VRTS: news, msgs) , middleware software maker BEA Systems (BEAS: news, msgs) and supply chain software maker i2 Technologies (ITWO: news, msgs) .
Also speaking from the conference Monday will be Mike Ruettgers, chief executive of storage hardware maker EMC Corp (EMC: news, msgs) . He's expected to talk about his company's sales outlook, and whether EMC, among the fastest-growing stocks in the 1990s, can continue its winning ways in the new decade.
Executives from the Nasdaq's most valuable company, Microsoft, also will speak at the conference. Rick Belluzzo, director of business development for company's future .NET strategy, is expected to detail the company's plans.
CBS.MarketWatch.com plans three days of coverage from the Goldman conference, in addition to weeklong coverage of from the Robertson Stephens Tech 2001 Conference in San Francisco. |
