Even though I'm short I don't believe the market will be phased by earnings misses on these already artificially low estimates. I really don't think reality matters in the economy at this point. The raging bull has spoken. Never fight the trend. 17:44 EDT MRVL theflyonthewall.com: Marvell Tech-MRVL reports Q1 EPS of (9c) vs consensus of 7c Reports Q1 revenue of $635.1M versus consensus of $644.5M. Note: Unclear if Q1 EPS statistic is comparable to consensus estimate. :theflyonthewall.com 17:38 EDT CACS theflyonthewall.com: Carrier Access-CACS sees Q2 EPS of (28c)-(31c) vs consensus of (26c) Sees Q2 revenue of $7.5M-$7.7M versus consensus of $9.2M. CACS also approved a restructuring plan intended to streamline its wireless and converged access businesses, in order to better-align expenses with current revenues. CACS also announced that its CEO has declined to take a salary. :theflyonthewall.com 16:28 EDT UNCA theflyonthewall.com: Unica-UNCA reports preliminary Q3 EPS of 1c-2c vs consensus of 10c Reports preliminary Q3 revenue of $23M versus consensus of $27M. Yuchun Lee, chief executive officer of Unica, stated: "We are disappointed with the financial results we expect to deliver for the third quarter. A number of license transactions in our original forecast did not close in the quarter primarily due to sales execution issues, though we currently expect that a majority of these transactions will close in future quarters." Lee added, "We are optimistic that the sales execution issues we are facing are within our control. We continue to see strong demand for EMM solutions and Unica continues to be recognized as a market leader by industry analysts and customers." :theflyonthewall.com 16:16 EDT CAKE theflyonthewall.com: Cheesecake-CAKE reports preliminary Q2 373.2M vs. estimates of 4370.9M Total revenues increased approximately 15.7% to $373.2 million from $322.6 million in the second quarter of fiscal 2006. Comparable restaurant sales increased 1.1% in the second quarter of fiscal 2007. By concept, comparable restaurant sales increased 0.8% at The Cheesecake Factory and increased 5.7% at Grand Lux Cafe in the second quarter of fiscal 2007. :theflyonthewall.com 16:15 EDT AA theflyonthewall.com: Follow-up: Alcoa-AA Q2 EPS of 81c includes some items; may not be comparable Included in the quarterly results was a favorable after-tax restructuring adjustment of $21 million, or 02c per share. This was generated mainly by the completion of the soft alloy extrusion joint venture with Sapa. The quarterly results also included 02c per share in after-tax transaction costs stemming from the company's outstanding offer for Alcan. The quarterly results were achieved despite $36M after tax, or 04c per share, of curtailment costs at the Tennessee and Rockdale, TX smelters. AA said its debt-to-capital ratio stood at 29.4 percent at the end of the quarter, the lowest so far this decade. :theflyonthewall.com 16:11 EDT AA theflyonthewall.com: Alcoa-AA reports Q2 EPS 81c vs. consensus of 82c AA reports Q2 revenue $8.1B vs. consensus of $8.41B. :theflyonthewall.com 16:07 EDT SCSC theflyonthewall.com: ScanSource-SCSC expects quarterly revenues in range of $520-$528M Consensus estimates are for $524.7M. :theflyonthewall.com 16:03 EDT WDFC theflyonthewall.com: WD-40 Company-WDFC reports Q3 EPS of 44c vs consensus of 47c Reports Q3 revenue of $77.6M versus consensus of $80.3M. Sees F2007 EPS of $1.74-$1.79, excluding items, versus consensus of $1.79. Note: Unclear if F2007 EPS guidance is comparable to consensus estimate. :theflyonthewall.com 16:01 EDT QMED theflyonthewall.com: Q-MED-QMED reports Q2 EPS (17c) vs. estimates of (14c) QMED reports Q2 revenue of $9.45M vs. estimates of $9.18M. :theflyonthewall.