Expect a Lot of Explaining at the Robertson Stephens Tech 2001 Conference
Tuck a packet of Kleenex into your suit pocket, it's investor conference time.
You can count on hearing a few sob stories this week as the
Robertson Stephens Tech 2001 Conference
takes shape in San Francisco. In the natural progression of loss, last year's winter conference hit during the dizzy inebriation of the market before the Internet music died, as pricey companies led to shock, sticker and otherwise.
Midcorrection last fall, these sorts of conferences were a denial-fest, as investors tried to reassure themselves that the technology arena was full of bargains, not corpses. As the grieving process gets into full swing, this week's Robbie conference will provide tear-jerking renditions of a December and January gone sour, an economy that baffles even the best of businesses and a handful of stiff upper lips who say they are above the fray.
Don't believe them.
Robertson Stephens kicks things off with a harmless Monday, featuring capital-spending secure
Intel
(INTC)
, the recently
gutted
Terra Lycos
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and layoff-likely
WorldCom
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TheStreet Recommends
. If your delicate constitution can take it, sit through the financial woes of fiscally insecure private bandwidth provider
Digital Island
(ISLD)
, the headcount
reductions of Internet consulting firm
Razorfish
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, the
Dram-market grousing of
Micron Electronics
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and the
softer trading environment of
E*Trade
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.
Things get hot Tuesday as the once and future kings hold court. Everyone has a lot of explaining to do, and Tuesday will be a good day to get a handle on
AOL-Time Warner's
(AOL)
synergies,
Microsoft's
(MSFT)
Net direction,
Oracle's
(ORCL)
plans to maintain growth,
JDS Uniphase's
(JDSU)
ability to digest a few years of
hypergrowth,
Sun's
(SUNW)
money catching up to its mouth and
eBay's
(EBAY)
ability to move beyond "It" Girl status into a seasoned performer.
Take out your hankie for
SEC
-questioned
Lucent
(LU)
,
flattened
CMGI
(CMGI)
and
Herb Greenberg
fan club member
QLogic
(QLGC)
.
Wednesday offers
Cisco
(CSCO)
yet another opportunity to drown the market in
its sorrows, along with communications equipment and optical
sufferers
Nortel
(NT)
,
Juniper Networks
(JNPR)
,
Corning
(GLW)
and
ONI Systems
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.
Get in touch with your inner rubber-necker by checking out mobile communications application developer
InfoSpace
(INSP)
, recently relieved of
several top managers, and B2B player
PurchasePro
(PPRO)
, which is grappling with some
interesting connections at the moment.
Thursday, the conference wraps up with another chance for
Broadcom
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to go hang-gliding off a cliff
as it did last week at the
Banc of America Securities
conference when CEO Henry Nicholas talked about a sales slowdown. Luckily for other tech investors, Robbie's Tech 2001 features no CEO breakfast or lunch speeches, keeping extreme statements to a minimum.
