Markets & Finance

Siebel Falls


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.


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