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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.
) 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.
) 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.
) 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.