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Technology Stocks : Compaq -- Ignore unavailable to you. Want to Upgrade?

To: Night Writer who wrote (82029)	5/8/2000 1:58:00 PM
From: Night Writer	Read Replies (1) \| Respond to of 97611

Three Tech Majors to Report Earnings New York, May 08, 2000 (123Jump via COMTEX) -- Cisco Systems (CSCO), Dell Computer (DELL) and Applied Materials (AMAT) will report earnings this week. Their announcements are expected to have a bearing on tech stocks. Cisco Systems is due to report its third-quarter earnings, and the First Call Corp. consensus expects it to earn 13 cents per share in the quarter. Markets are anticipating Cisco to outperform. Last quarter, Cisco easily topped Street estimates, earning $906 million, or 25 cents per share, on sales of $4.35 billion. Cisco stock had a solid rally Friday, possibly on anticipation of good results. Dell Computer is readying for its May 11 first-quarter earnings release. Analysts polled by First Call anticipate Dell to report 16 cents per share, flat with the year-ago level. Dell said it earned $436 million, or 16 cents per share, including a penny-per-share, one-time gain, for its fourth quarter. Sales for that period totaled $6.8 billion. Applied Materials will report its second-quarter earnings, and First Call Corp. consensus expects it to earn 55 cents per share. Company officials said earlier this quarter it would check in with sales in excess of $2 billion as worldwide semiconductor demand continues to grow. Last quarter, Applied topped Street estimates, earning $328 million, or 40 cents per share, on sales of $1.67 billion. Microsoft Corp. (MSFT) is expected to file its response to the government's remedy proposal by Wednesday. The government is seeking a breakup of the software giant on the grounds that it violated the nation's antitrust laws. Several high-profile analysts meetings come in the days ahead, possibly leading to upgrades and downgrades that could move the market. IBM (IBM) hosts an analysts meeting Tuesday, Chase Hambrecht & Quist hosts a technology conference beginning on Monday and Yahoo!'s (YHOO) annual shareholder meeting is Friday. While tech stocks may respond well to the earnings reports of the three bigwigs, markets may witness fluctuations as investors continue to worry about the impending interest rate hike due on May 16. Major economic indicators for the week include retail sales and the Producer Price Index. While retail sales rarely move markets, the PPI shows prices at the wholesale level and could further cement the notion that interest rates are moving higher. All Rights Reserved. (c) Copyright: 2000 123jump.com, Inc.