Will the earnings carnage continue?

Today's earnings announcements should provide some answers as big-time boxmakers

Dell

(DELL) - Get Report

and

Hewlett-Packard

(HWP)

report their quarterly numbers.

On Tuesday,

Merrill Lynch

trimmed its earnings estimate for Dell's fiscal year ending January 2001 to 85 cents a share, down from 90 cents a share. According to a 21-analyst consensus, the company is expected to post fourth quarter earnings of 19 cents a share.

Shares of Dell traded up 3.4% to finish at $22.94 yesterday.

As for economic data, the

Import Price Index,

initial jobless claims, and the

Philadelphia Fed Index are due out this morning.

The Philly Fed Index provides a timely outlook on business conditions and is considered a good gauge of what to expect from the

TST Recommends

Purchasing Managers Index.

Expected Earnings Reports

This table includes S&P 501 companies only. Dates are as expected according to First Call/Thomson Financial, and may change. The full week's earnings calendar is published separately.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.: Import Price Index for January. Source: Labor Department. Forecast: +0.1%. Previous: -0.5%. Purchase index: Forecast: N/A. Previous: -0.1%.
  • 8:30 a.m.: Initial Jobless Claims for the week ended Feb 9. Source: Labor Department. Forecast: 359,000. Previous: 361,000. 4-week average: Forecast: n.a. Previous: 331,250
  • 10 a.m.: Philadelphia Fed Index for February. Source: Philadelphia Fed. Forecast: -24.0. Previous: -36.8.

IPO Lockups Expiring

(TheStreet.com's

Michael Falbo, who writes a column for

TSC's

ipoPros.com subsidiary, keeps a close eye on lockup expirations every week. For more on lockup expirations and why they matter, check out Ben Holmes' primer on the subject. The full current lockup expiration list is published separately. For information on IPO pricings, filings and aftermarket activity, plus a calendar of upcoming IPOs, check out

TheStreet.com's

IPO data section.

)

Conferences and Meetings

    Robertson Stephens 2001 Tech Conference (Day 4). Goldman Sachs Technology Investment Symposium (Day 4).