OK, I tried for a full two weeks to give a detailed earnings report run down each day and I’m hitting the wall right before the finish line.  I slept right through the alarm clock this morning for the first time since yesterday morning .. It was an ambitious endeavor, but one I won’t be trying again.. EVER!   Thankfully, my shipment of acai berries arrived last night just in time to rejuvinate me for a weekend of RR.  For you early morning risers (ei. west coasters) who are trying to wean yourselves of the addiction of caffiene, I highly recommend whipping up an Acai berry smoothie (think chocolate/blueberry mixture) in the morning.  Incredible… and you’ll be helping to save the rain forests of Brazil in the process.  Equally as satisfying.  Check it out at Sambazon.com (you can also buy locally at some high end markets).  Drop me a line and tell me what you think!

What I will do to finish out this earnings season and earnings seasons beyond is to highlight a few companies each day, typically the best fundamentally and/or technically, and maybe just list the tickers of the rest in order of ranking.  For more on the SelfInvestors.com database and ranking system please see this page.

On to the highlights from this evenings reports…

WebEx (WEBX), developer and marketer of services that allow end-users to conduct meetings and share software applications, documents, presentations and   other content on the Internet using a standard Web browser is the highest ranked company in the SelfInvestors.com database with a rank of 51/60.  With 23 consecutive quarters of revenue growth it’s a company doing something right.  That streak continued after the bell today as the company reported revenue growth of 23% which was in line with estimates.  On the earnings side, the company beat by a penny and posted growth of 32% from the year ago period.  WebEx also raised guidance for the full year ’05.  However, shares are down more than 2% after hours.

Technically, the stock broke out of a long, double bottom base (albeit not a great looking one) at the end of June and has worked its way up about 10% higher.  Considering this is not a great looking double bottom (second leg down doesn’t undercut the first) and earnings were fast approaching, this is not a stock I would have pulled the buy trigger on at the first breakout.  What I’d be looking for at this point is a pull back to support at the 50 day moving average as an opportunity to add a small position.  Keep in mind that the stock still has to face resistance at around 33.. an area where the stock may form a large handle.  Certainly, one to watch but probably not a great opportunity at this level.

Several companies with a rank of 50/60 reported after the bell…

• Microsemi (MSCC): The maker of high end semis beat estimates after the bell, but just misses on rev estimates.  Company guides in line for Q4.  Shares down 6% after hours. 
• Psychiatric Solutions (PSYS): The provider of inpatient behavioral health care services in the United States beat earnings estimates by .03/share and reaffirmed for ’05, but shares slipped just a bit after hours.
• Webside Story (WSSI): The provider of on-demand Web analytics services reported and outstanding quarter that was in line with estimates and reaffirms guidance for next 3 quarters, but falls 6% after hours to $15/share.  Good support in the 14-15 range, worth keeping an eye on.
• Netgear (NTGR):  The provider of home networking gear beat earnings estimates by a penny, but missed on sales targets.  Shares fell more than 7% after hours.  Technically, the stock looks outstanding and looks poised to break out to all time highs.  Watch support tomorrow at around 20.
• Sonosite (SONO): The developer of hand carried ultra sound systems reported a wider loss this quarter (that was in line with estimates) than the year ago quarter due in part to a large marketing effort for the launch of the 3rd generation MicroMaxx which began shipping late last quarter.  Shares fell just a bit in after hours trading.
• SS&C Technologies (SSNC): The provider of specialized software, business process outsourcing services and application solutions to the financial industry beat by a penny after the bell and also announced it was being bought out by a private equity firm.
• Franklin Resources (BEN): The investment management company reported another outstanding quarter and beat estimates by .04/ share.

Best of the Rest (in order of rank)…

Radient Systems (RADS), Whole Foods Market (WFMI), KLA Tencor (KLAC), Techteam Global (TEAM), Standard Pacific (SPF), Baker Hughes (BHI), United Surgical Parners (USPI), American Medical Systems (AMMD), Cameco (CCJ), Invitrogen (IVGN), Charles River Labs (CRL), Community Health (CYH) and Guess (GES).