Siebel Systems (SEBL

) sees second-quarter total revenue of $312 million to $314 million. The company expects second-quarter operating loss of $74 million to $77 million, which includes an approximate pre-tax restructuring charge of $75 million. Excluding the charge, it expects operating income to be about breakeven.

Alcoa (AA

) posted 52 cents, vs. 46 cents second-quarter earnings per share on a 13% revenue rise.

Reality television series producer WPT Enterprises's (WPTE

) investor relations firm confirms a New York Post story that WPT Enterprises received a $700 million unsolicited bid from Doyle Brunson and a team of financial backers.

Marsh & McLennan (MMC

) is seen higher on rumors that its managment maybe considering a buyout.

Borland Software (BORL

) sees a 1-cent to 3-cent second-quarter loss (non-GAAP) on revenue of $65 million to $67 million. The company notes a weaker-than-expected spending environment. It names Scott Arnold, presently Executive Vice President, COO, to position of Interim CEO.

Accenture (ACN

) posted 51 cents, vs. 37 cents third-quarter earnings per share on an 11% rise in revenues. The company sees fourth-quarter earnings per share of 34 cents to 37 cents (GAAP) on revenues of $3.8 billion to $3.9 billion. S&P maintains buy.

Polo Ralph Lauren (RL

) sees better-than-expected first-quarter operating margins, more than a 20% rise in revenue. The company cites better full-price sell-throughs. S&P upgrades to buy from hold.

Wachovia upgrades Raymond James Financial (RJF

) to outperform from market perform.

Callaway Golf (ELY

) sees 28 cents to 30 cents second-quarter earnings per share (pro forma) on sales of about $323 million. The company says earnings per share were hurt by planned spending increases related to brand investment and third-quarter product launches. S&P keeps hold.

Trans World Entertainment (TWMC

) sees a 15-cent to 20-cent second-quarter loss on low single digit decline in same-store sales. The company cites delays in a number of key music releases and lower-than-expected sales of DVD new releases.

Rogers Corp. (ROG

) sees lower-than-expected 25 cents to 29 cents second-quarter earnings per share (excluding an impairment charge) on sales of about $84 million. The company cites lower-than-expected sales of flexible circuit materials and lower profit from joint ventures.

Lamson & Session (LMS

) raises 28 cents to 30 cents second-quarter earnings per share estimate to 32 cents to 34 cents on about a 20% sales rise. The company cites broad-based strength in key end markets of industrial, commercial, residential, and telecommunications infrastructure construction.

Altiris (ATRS

) sees 6 cents to 7 cents second-quarter earnings per share (pro forma) on $50 million to $53 million revenue. The company says performance through OEM partner Hewlett Packard (HPQ

) was below expectations, competitive pressures increasing, and closure rates for newly acquired products slower than expected.

Longs Drug Store (LDG

) posted flat June same-store sales and flat total sales. The company says pharmacy same-store sales increased 2.7% and front-end comparable sales decreased 1.7%.

Sonus Pharmaceuticals (SNUS

) says final written communication from the FDA indicates that the FDA and Sonus have reached an agreement on protocol for a planned Phase 3 study of TOCOSOL Paclitaxel and on a formal written plans for how the study will be conducted.

XL Capital Ltd. (XL

) says second-quarter results will be adversely impacted by $191 million increase in net reserves in its North American reinsurance operations. The company says there is ongoing review relating to policy benefit reserves.

Business Objects (BOBJ

) says the SEC terminated its informal inquiry without recommendation for any enforcement action.