Stories for April 2000

Monday, April 24

OCBJ Gets New Editor; Reiff Named Executive Editor

After nearly 10 years as the OCBJ's editor, Rick Reiff is moving into a new, part-time position of executive editor. Succeeding Reiff as editor is Michael Lyster, the OCBJ's former senior reporter and currently the assistant technology editor of Investor'

Executive Summary

OC stocks, like the broader market, experienced another hectic week (related items pages 1, 14 and 94) The Newport Beach Planning Commission unanimously approved a proposed $100 million hotel and timeshare resort plan for Newport Dunes ... Broadcom Corp

Walking Dead

and the stodgy old Dow Jones Industrials average was behaving downright boisterously.

The Newer Economy: Who's In, Who's Out

Though the stock market's recent turmoil has injected a dose of sanity into the wildfire valuations fetched in recent years by Internet-based companies, there's plenty of spark left in the market if you know where to look, experts say.

Birtcher Breaks Ground on South County Office Complex

Birtcher Commercial Development has launched construction of a 156,000-square-foot office complex in Lake Forest, targeting growing corporations seeking a campus-style setting.

Rumors Increase Over Future of Times OC; Janitors Skip County

The Chicago Tribune's impending purchase of the LA Times has intensified speculation that the days of the Times OC as a big, stand-alone operation could be numbered. Rumors have Trib execs already scrutinizing the OC operation with a sharp eye toward the

People

Deloitte & Touche LLP appointed Ryan Miller and Paul Waldman seniors at the Costa Mesa office. Miller was previously with the Southern California/Nevada tax services group and Waldman was with the Los Angeles County Assessors Office.

Downey Still Fending for Itself in Finance Jungle

Despite long being talked about as an acquisition target, Downey Savings & Loan seems content to hold its own as not only the largest depository institution headquartered in Orange County, but the largest independent depository institution based in all of

SATURDAY NET LIVE

Their Saturday evening was approaching midnight five years ago when Jeff Greenberg, wrapping up another 70-hour work week at Ingram Micro Inc., made an offhand comment to co-worker Michael Harano that the pair should go into business together.

Deals, Employment Both Up at Commercial Brokerages

The top commercial brokerage firms in Orange County saw another strong year in 1999, posting an 18% increase in the value of sale and lease transactions, according to this week's Business Journal list.

OFFICE SPACE

25 Office Buildings or Parks, Ranked by Contiguous Square Feet Available (CA)

Deep thoughts from Mike

n Believe it or not, cars in Newport Beach do brake for pedestrians , a mamma Mallard duck with her babies in tow, as it so happened in the intersection of Westcliff and Highland the other day.

The Big Boys

CB Richard Ellis dominates the OC brokerage landscape, with its two local offices ranking No. 1 and No. 2 and totaling $2.45 billion in transactions in 1999, more than a quarter of the total of OC's 25 largest brokerage offices and almost triple the $830

Survey Says

The number of affluent women in the U.S. increased by 68% from 8.8 million in 1996 to 14.8 million in 1998, while the number of affluent men grew by 36% from 10.6 million in 1996 to 14.3 million. The affluent women tend to be younger than affluent men wit

Playing Hardball:Irvine Co.-Western Dig Lease Talks Stall

Western Digital Corp. and the Irvine Co., two of Orange County's most recognizable corporate titans, are locked in a negotiating battle over the disk-drive maker's spacious office building in the Irvine Spectrum.

Houston's Has Touch of Texas with California Flair

Seems I've been taking up booth space more and more often at Houston's in the food and entertainment complex at Jamboree Road and Michelson Drive in Irvine. A couple of recent business lunches got me in the door at the behest of my hosts, but we also drop

RiechesBaird Wins Shootout for WorkSeek.com Account

RiechesBaird Advertising clobbered two bigger agencies in a bid for a $12 million account with WorkSeek.com.

Industrial Vacancies continue to fall in the Inland Empire

The Inland Empire industrial vacancy rate dropped to 4.53% in the first quarter as approximately 5.8 million square feet of positive net absorption were experienced. Across the board, vacancy rates in cities were in single digits. Rates ranged from a low

TECHNOLOGYMonths-Old Edge Acquired by Days-Old Texas Firm

Edge Technology Solutions, a five-person Irvine company that specializes in computer-system, Internet and network integration, has been purchased by a week-old Texas company riding a wave of popularity surrounding the Linux operating system.

What's in a Domain Name?

Orange County ranks prominently in the most recent domain name statistics released by Network Solutions, the wholesaler and keeper of domain names (.com, .org, .net).

WHO'S GOT WHAT

Leasing Agents Holding the Most Available Square Footage in Existing Buildings

NewsBlaster Getting Ready to Launch PR Web Site

In the "think tank," execs at NewsBlaster.com scheme and relax amid swirling bubbles. The tank,a home Jacuzzi,is actually where they spend a lot of time, said Vince Walden, president and COO. A web site launch in June and an anticipated IPO has NewsBlaste

LOOKING AHEAD

25 Proposed and Under-Construction Projects Ranked by Rentable Building Area (RBA)

Mayo Clinic Study Boosts Endocare Prostate Treatment

The eradication of prostate cancer cells is best accomplished by specific temperature controlled treatment, according to a study done for Endocare Inc., Irvine, by the Mayo Clinic Graduate School of Medicine, Rochester, N.Y. Endocare is a leader in "targe

Largest Property Managers Handling 15% More Space

REIT Pullback, New Completions Add to Market; CB Richard Ellis Again No. 1

Alyn Stock Slides as Boralyn Breakthrough Remains Elusive

Boralyn, touted to be as strong as steel and as light as aluminum, is a promising technology. Robin Carden invented the product and began an Irvine-based company, Alyn Corp., to manufacture it.

Net Solutions' Whiton Named to Lead Tech Association

Robert Whiton of Tustin-based Net Solutions was recently elected president of the Business Technology Association's national chapter. He will take up the post July 1.

Former Cinnabon Prez Signs Ruby's Franchise Deal

Dennis Waldron, former president of Cinnabon International Inc., has signed a 20-unit restaurant development agreement with Ruby's Franchise Systems Inc., Newport Beach.

FLEX SPACE

25 Buildings, Existing and Under Construction, Ranked by Contiguous Square Feet Available (CA)

Former Plaza de Cafes Tenants Moving to Jamboree Promenade

Three popular restaurants from the former food court at Birch Street and Von Karman Avenue in Irvine,New Tokyo, Gyro King and Fernando's,signed five-year leases last week and are expected to move into the Jamboree Promenade shopping center this fall.

WANT IN? GET IN LINE

OFFICE

El Toro a Goner? Bull, Say Airport Diehards

They lost the Measure F battle by a 67%-33% vote. Orange County CEO Jan Mittermeier, czar of the El Toro airport planning process, barely hung onto her job. Funding of the airport planning has been halted, at least temporarily. Some airport fans are throw

Letters

In a March 27 letter, John Jaeger accuses the University of California, Irvine of greed for admitting increasing numbers of new freshmen for fall, 2001: "The only conceivable reason such students are accepted is the greed of the profoundly liberal academi

New Inning

purchase of Time Warner, yours truly kidded that Broadcom shouldn't think about buying the Anaheim Angels from Walt Disney Co. Rather, Broadcom should simply buy all of Disney, and keep the Angels and whatever else it wanted and sell off the rest.

Real Estate Deals

A private investor purchased Vail Distribution Center, a 96,000-square-foot center in the city of Commerce. The value of the transaction was $3.5 million. John Walsh of Walsh & Company, Sherman Oaks represented the buyer and Jack Cline of Lee & Associates

Block at Orange '99 Sales Expected to Top $125M

Never before has there been a shopping center in Orange County where you can buy a used car online, go bowling, relive the nightlife of the '70s and '80s and inhale flavored oxygen.

Orange Coast Names Executive Publisher

Ruth Ko, publisher, Orange Coast magazine in Newport Beach, is stepping back from her day-to-day management of the magazine with the hiring of Skip Johnson as the glossy magazine's executive publisher with an equity position.

Earnings

Boeing Co., Seattle, posted earnings of $418 million on revenue of $9.91 billion for the first quarter ended March 31, compared with earnings of $469 million on revenue of $14.4 billion in the first quarter of 1999.

BigBallot.com: $1 Million Profit Seen in First Year

By When CBS-funded web portal iWon announced the winner in the Internet's first-ever $10 million giveaway this month, at least four Orange County entrepreneurs watching the televised event weren't upset that they didn't take home the big cash prize.

Hotels Grapple With Demand for High-Speed Net Access

Faced with a need to accommodate tech-happy business travelers demanding faster Internet access, hotels are moving to expand their Internet capabilities, whether through phone lines or via wireless technology.

INDUSTRIAL SPACE

25 Largest Buildings, Existing or Under Construction, Ranked by Contiguous Square Feet Available (CA)

Correction.com

Throw open the windows and let the sunshine in; the honeymoon is officially over.

Monday, April 17

PEOPLE

The Media Edge, Y & R;'s Irvine-based media group company, hired Jack Valente as executive vice president, director of media marketing and communications. He will lead strategic and tactical media operations for Lincoln, Mercury and the 29 Lincoln Mercury De

BEST OF ARGUS

n The New York Yankees held Opening Day in Yankee Stadium last week. It was memorable. The game was interrupted in the 6th inning when the third baseman's father showed up and took him back home to Cuba.

Tech Companies Dot List of OC's Mid-Tier Firms

Last week, high-tech companies dominated the Orange County Business Journal's list of the 50 largest publicly traded companies, ranked according to sales. This week, high-tech companies are all over the list of the county's 51st- through 100th-largest pub

TeleCore Takes Headquarters Space in Research Park

TeleCore, a DSL-installation company founded in 1991, has burst its seams and will move this week into new, larger headquarters at UC Irvine's 185-acre Research Park.

OC'S MASTERPLANNED COMMUNITIES

ACTIVE

The Old Economy Strikes Back: OC's Non-Tech Firms Ride Out Market Turmoil

Orange County's non-tech companies had watched with envy the ascent of their tech colleagues for months. Now they can breathe a sigh of relief that they are not falling as fast.

OC Firms Strut Stuff at Internet World Expo

Despite a Nasdaq performance that would have left less-devoted followers hiding under their beds, true believers in the dot-com arena came out in force last week for the new-economy freak show also known as Internet World in Los Angeles. Hundreds of e-bus

Builders Had Hot '99, but Signs of Cooling Seen

These are heady days for Orange County homebuilders. But are they coming to an end?

SEEING GREEN

Greentrac.com closed a second round of funding for $2 million recently and used part of the money to launch its new "eAuction" web-site feature.

BUSY, BUSY, BUSY

Source: Dynamic Marketing Resources Inc. (includes only Multiple Listing Service sales)

Venture Forum Finalizes Lineup

The California Venture Forum has selected the 15 entrepreneurs who will present at its 12th semi-annual Investor Forum, to be held May 3 at Chapman University's Irvine Lecture Hall.

Real Estate Deals

Frome Investments purchased the Dunn Way Industrial Park in Placentia for $3 million. The project, which totals 59,814 square feet, consists of light industrial multi-tenant suites. Johnny Eubanks of Lee & Associates-,Orange Inc. represented the seller, C

Hoag Heart Docs Tutor Thais in Valve Surgery

Two doctors from Hoag Heart Institute were part of a team of four heart specialists selected by the American College of Cardiology to travel to Thailand to teach the latest advancements and techniques in heart-valve surgery.

EARNINGS

Interplay Entertainment Corp., Irvine, reported a net loss of $7.8 million on revenue of $27.3 million in the fourth quarter ended Dec. 31, compared with a net loss of $16.6 million on revenue of $20.6 million in the fourth quarter of 1998. For the year,

DOT-COM DEALMAKERS

Starting out on a wing and a prayer,and about a million dollars augmented by the technical expertise of a gaggle of former E*Offering employees,Angelstreet.com is up and running with plans to offer its first venture capital deal over the Internet within t

Home Shopping Network Takes All of Western Realco's Huge Spec Warehouse

That's exactly what Newport Beach-based Western Realco did. Home Shopping Network has signed a 10-year lease valued at more than $30 million for all of Western Realco's Sierra Gateway Commerce Center in Fontana.

San Clemente Becomes Builders' Paradise

Laing Forster Ranch LLC is developing land for 1,000 homes. That would be considered a major project in most OC cities.

Med-i-nets Testing Prescription Software

Med-i-nets.com, a Newport Beach private start-up, is initiating a beta software program designed to reduce prescription errors in hospitals.

Pinot Provence Matching Dinner with Staglin Wines

I felt like the maitre d' in residence at last week's special truffle dinner at Pinot Provence in the Westin South Coast Plaza Hotel. I'd made reservations for a table of 10, but as our group was gathering at the lobby bar to commence the gastronomic even

BUZZ BOMBS

Irvine-based Diedrich Coffee Inc. is the hometown hero hoping to make a national name for itself.

MASTERPLANNED COMMUNITIES LEAD THE WAY

The Orange County residential market was characterized by record-setting events during 1999, including the grand opening of three masterplanned communities, planned redevelopment of former commercial sites and price appreciation of new and resale housing.

FOURTH TIME STILL CHARMING

William Cot & #233; absolutely loves the 18,000-square-foot mansion at 18 Harbor Island. The Corona del Mar real estate broker has never lived in the luxurious residence, which is strategically located at the confluence of the widest part of Newport Harbor and f

Oakley Lends Celebs Some 'OC Cool'

Tom Cruise will be wearing Oakley's Romeo shades (price: $250) in the upcoming "Mission Impossible II." Oakley's Tens model (retails for $85) made it to the cover of Fortune's April 3 issue, worn by Ford Chairman Bill Ford under the headline "Motown Cool.

BIG Supplying Content to Ovitz-Backed Web Venture

Post-Agency Gets Kudos for Diedrich Labels; Go2 Systems Signs Johnny Miller

EXECUTIVE SUMMARY

The Board of Supervisors voted 3 to 2 against firing County Executive Officer Jan Mittermeier; Irvine Co. exec VP Gary Hunt said he lobbied the board to retain the strong-CEO structure, but did not back Mittermeier specifically ... A proposed parcel tax t

Sistonia Flies Below Radar to $10M in Revenue

Directors in the Orange-based firm say,quite proudly,that they have no intention of ever going public and routinely spurn offers from venture capitalists. Its client list consists primarily of decades-old industrial businesses. And when its founders were

DRESS DOWN FOR SUCCESS

Harrison Frank is the only individual at the law offices of Berger Kahn who wears a suit.

GSM Putting Millon-Dollar Grant to Use

The UCI Graduate School of Management is using a recent $1 million anonymous gift to enhance its information-technology focus, especially in the hot e-commerce area.

WHERE THE ACTION IS

92677 (Laguna Beach) $960,548 $688,285 39.56 29 33 -12.12 $27,855,900 $22,713,400 22.64

Passenger Volume at JWA Flat in '99

Despite reports of a nationwide 3% growth in airline passengers last year and projections for similar growth through 2001, John Wayne Airport's passenger volume remained flat in 1999, at 7.47 million compared with 7.46 million in 1998.

REAL ESTATE WATCH

The Mid-Counties market consists of the cities along the border of Orange and Los Angeles counties.

SURVEY SAYS...

Survey of 80 companies with annual revenue of $1 billion or more by PricewaterhouseCoopers

Johnson Capital Acquires Colorado Mortgage Firm

Local real estate advisory firm Johnson Capital Group has acquired an unspecified interest in Denver-based Cantwell Moody & Associates, one of Colorado's largest commercial mortgage holding companies.

The Greatest Century That Ever Was

There has been more material progress in the United States in the 20th century than there was in the entire world in all the previous centuries combined. Almost every indicator of health, wealth, safety, nutrition, affordability and availability of consum

HOW LONG CAN THIS GO ON?

The past few years have been very good to homebuilders, realtors and others associated with residential real estate. Strong home sales, a vibrant economy and continued price appreciation have led to record-level sales and price appreciation in Orange Coun

Monday, April 10

Broadcom, Conexant Vie in M & A; Marketplace

Cross-county chip-making rivals Broadcom Corp., Irvine, and Conexant Systems Inc., Newport Beach, also have been busy dealmakers in the past year, trying to outflank one another and their other competitors.

OC Stocks Hit by NASDAQ's Plunge

By the end of trading last Thursday, April 6, most OC stocks were back close to where they had begun the week, or nursing only single-digit percentage losses.

Maples Uses Traditional PR to Boost Cutting-Edge Tech

The media buzz surrounding Tustin-based AudioRamp.com's iRad Internet stereo is partly because it's a cool product. But it also has been fueled by a public relations campaign.

Tech Leads Way for OC's Big Pubcos

OK, the volatile stock market has public companies walking on eggshells right now, but a look back over the past year certainly gives Orange County's biggest corporations reason to strut.

Irvine Co. Coup: Huge Cisco Lease in Silicon Valley

The Irvine Co.'s recent foray into the Northern California tech mecca is paying off better than an Internet IPO, as Cisco Systems Inc. is taking 572,000 square feet in a deal that will mark the developer's largest Silicon Valley lease yet.

Bastien Lands Design of El Segundo Center

Irvine-based Bastien & Associates Inc. will be the architect for the recently announced $350 million El Segundo Multi-Media Center.

Olson Has Majority Stake in Latest Project

Residential Still Booming, but Commercial Contracts Down; Catellus Unit in Limbo

SiteLite Gets VC Backing for Web Monitoring Service

Jeff Pierick, not to mention investors that have poured $3.7 million of venture capital into the company, hopes that for many businesses the answer is SiteLite Inc.

Joe Ueberroth is looking to consolidate the marina business

Joe Ueberroth runs close to half the boat slips in Newport Harbor. Now he wants to run a whole lot more slips across the country and in foreign waters.

JOHN SCULLEY: VALUE IN THE NEW ECONOMY

Here are excerpts from the remarks of John Sculley, former chairman of Apple Computer and now a partner in a venture-capital firm, to the Chapman University Economic Forum last month. Among other things, Sculley talked about valuations in the so-called "n

J.P. Morgan Will Open OC Office

J.P. Morgan will open a private banking office in Orange County as part of a national expansion of its private banking division.

Best of Argus

n Bill Gates met President Clinton at the White House. Now that he's facing a break-up of Microsoft he has coffee with the president. If he had done this two years ago, Netscape would be sleeping with the fishes.

Head Hunters, Take Note

itself, the biggest loser in last month's Measure F vote was Jan Mittermeier. The county CEO has become the fall gal for what was clearly a group effort on the pro-airport side. The upshot could be the ouster of Mittermeier after five generally solid and

Treasure Island Shaping Up as Coastal Test Case

The state Coastal Commission is being asked this week to again review the proposed Treasure Island development on the Laguna Beach coast, and its decision could have repercussions well beyond the 30-acre project site.

Oftelie Mentioned as Mittermeier II; Lido Residents Nix Gate

With Jan Mittermeier presumably on her way out, who's in line to be the next Orange County CEO? The name most often mentioned: former OCTA and current OC Biz Council boss Stan Oftelie It looks like drivers, bikers, joggers, walkers and anyone else will

Kaplan Signs in Jamboree Promenade; Eateries Next Up

Kaplan Educational Centers has signed a nine-year, $2.2 million lease for a 15,110-square-foot space in the Jamboree Promenade shopping center, ending an 18-month search for more space.

Huddle247 Pins Hopes on Its Virtual Collaboration

Andrew Patel didn't get the west-side window office he wanted when his company moved into its new Santa Ana headquarters,his feng shui coach told him to put the conference room there instead but that doesn't seem to perturb the entrepreneur too much.

Alliance Unveils

Alliance Imaging, Inc., Anaheim unveiled nationally a "positron emission tomography" for shared-use diagnostic procedures. PET is designed to help smaller medical facilities, including doctors' offices, and is a key diagnostic technology, explained Richar

High Desert Power Project Near Approval

A long anticipated $350 million energy power plant being promoted by Newport Beach entrepreneur Buck Johns looks like it's about to get off the ground.

Koll Fills One Building, Starting Another

Koll Development Co. has signed Motorola to a lease that virtually fills its recently completed Irvine Concourse office building, even as it demolishes an adjacent building to make way for a second eight-story tower.

People

Corbin & Wertz, Irvine, appointed four new employees: Robert Horsely, senior accountant; Scott Rose, staff accountant; Kathy Velasquez, staff accountant; and Susan Choe, staff accountant.

Off the Critical List

Children's Hospital of Orange County has long enjoyed a strong reputation with parents as a place where kids are nursed back to health by a competent, kind staff.

CHOC Follies Serves Up Pre-Dining Entertainment

There has been a trio of swell meals for me this past week, but the highlight of all my carousing was the CHOC Follies IV called "Fabulous Fables and Twisted Tales." It serves as a grand reminder of all the latent talent we have in the county. For this fo

Fibre-Channel Firms Hit Hard in Nasdaq Pounding

The Business Journal curse strikes again. Two weeks after we featured Emulex Corp. in a cover story about Orange County's booming fibre-channel industry, the networking equipment maker has been one of the hardest hit in a recent Nasdaq sell-off, losing mo

Ad Firm Priscomm, Four Others Form Tech-Focused Agency

Priscomm, a Costa Mesa-based advertising agency, is one of five companies involved in a roll-up deal that creates one entity called Wirestone, headquartered in Emeryville, Calif.

Public Companies

Public Companies

Executive Summary

Shares of CKE Restaurants Inc., Anaheim, fell to a 52-week-low after it posted an operating loss for the fourth quarter; the company said it is consulting with investment bankers on "strategic alternatives" for its struggling Hardee's chain ... An OC jury

Making Their Move

Put together an investment banker and an avid chess player who develops software and what do you get?

1-800-Wedding Makes Match With Third-Round Funders

Anaheim Hills' 1-800-WEDDING has received a third-round injection worth $10.4 million from several groups of investors, including a few based in the so-called "wedding capital of the world," Las Vegas.

Executive Brief

Murder mystery dinner theater produced by Murder Mystery Players Inc. at Dave & Buster's, Irvine Spectrum Center, Saturday nights April 15, 29 and May 6; 8 p.m. $40.77 per person (excluding drinks and appetizers) (949) 727-0555.

PacifiCare Ventures Picks CEO

PacifiCare Health Systems Inc., Santa Ana named John Kao, 38, president and CEO of its Specialty Service Division and new e-commerce company, PacifiCare Ventures. Kao assumed the position from Jeff Folick, 52, who will remain with the company for the rema

Disconnect: Arbitration Nears in Anaheim- FirstWorld Dispute

Both FirstWorld Communications, Inc. and the city of Anaheim want businesses in the Anaheim Canyon Business Center to have high-speed Internet access. But somewhere along the way lines were crossed and a $45 million lawsuit filed by the city last May now

VNS Counseling Program Gets Komen Foundation Grant

VNA Home Health Systems, the oldest nonprofit home-healthcare service in the county, announced a $15,000 grant (renewable for two years) from the Susan G. Komen Breast Cancer Foundation to help expand its childhood bereavement program, Necessary Steps.

TECH DRIVES OC M

With tech firms setting the pace, M & A; activity in OC surged to new heights in the past year as OC firms were involved in 307 announced deals, up from 257 in the prior 12 months.

IPOs GIVING WAY TO M

As Investors Tire of Net Offerings, Firms Are Retooling Their Exit Strategies

Letters

I look forward to seeing examples like these, however, since you set a precedent with your March 27 issue.

Sunstone Signs Internet Deal for Its 57 Hotels

Sunstone Hotel Investors, San Clemente, has signed a three-year deal with Salt Lake City-based STSN, a provider of high-speed Internet technology, to provide plug-and-play Internet access for business travelers in the 57 hotels Sunstone operates in eight

Swayne Leaving Top Post at OCCF

Judith Swayne, executive director of the Orange County Community Foundation, on May 26 will leave the top post at the nonprofit foundation she founded a decade ago.

Monday, April 3

PwC Names OC's Hamm Head of National Unit

G. Steve Hamm was named U.S. managing partner of PricewaterhouseCoopers' Middle Market Advisory Services. He is based in the firm's Costa Mesa office.

Mulling Another Way to Rank Restaurants: Popularity

This is the issue in which the Business Journal's restaurant list appears. The OCBJ ranks the top 25 restaurants according to their number of meals served in 1999. (See list on page 24 and related story on page 3.)

FreeDSL Ready to Launch With Revenue Boosters

Orange County tech entrepreneurs Chad and Ryan Steelberg aren't afraid to wear their confidence on their sleeves. In fact, they've printed up T-shirts for the staff at Broadband Digital Group that sum up their response to skeptics who doubt the feasibilit

E-Commerce Exchange to Offer Services Overseas

E-Commerce Exchange is starting to go global through a deal the Irvine company made with Planet Payment, a maker of payment processing systems.

ITC, 1st Option Merge, Plan Acquisitions

ITC Real Estate Group and 1st Option Commercial have merged, creating a 23-person shop that officials hope will be better-positioned for a potential national expansion.

Freeing E-Trade

A tiny Huntington Beach software company eager to feed a burgeoning appetite for international trade is about to get a lot bigger, fueled in part by a $5 million investment from PricewaterhouseCoopers.

Real Estate Deals

Steve Agan purchased the McKinley Commerce Center, a retail center at 2187-2191 Sampson Ave. in Corona, for $3.8 million. Grace Yoon of Colliers Seeley represented Agan, and Faris/Lee Investments represented the sellers, E.J. Investment Company.

EXECUTIVE SUMMARY

Newport Beach-based TriZetto Group Inc. agreed to be acquired by Westport, Conn.-based IMS Health Inc. in a stock swap valued at $8.1 billion when it was announced, but that was reduced to about $4.6 billion after investors dumped both stocks, dropping th

EXECUTIVE BRIEFCASE

Five-passenger, two-door convertible; 6.75-liter, turbo-charged V8 engine, 325 hp; four-speed automatic transmission; EPA mileage 11 city, 16 highway; curb weight 6,031 pounds; top speed 135 mph, 0 to 60 mph in 8 seconds.

Shipping Line ANZDL Picks CEO

Australia-New Zealand Direct Line, a Santa Ana-based ocean shipping line, appointed Stuart Rattray of Irvine its chief executive officer, effective April 17. Rattray will assume the position from Michael Beard, who will take on CEO duties for Tranz Rail i

SURVEY SAYS...

Survey of executives from 200 companies with fewer than 500 employees by Sage Software, Irvine

CALENDAR APRIL 4 - APRIL 10

Involving the Public in Health Choices Awards (California Health Decisions Inc.) Orange 6-8 p.m. (714) 647-4921 President's Panel (California Restaurant Association) Irvine 8-10:30 a.m. Free/$10 (800) 209-0700 The Art of Selling (SCORE) Costa Mesa 9-N

PEOPLE

Cynthia Noe was named director of sales for Taylor Woodrow Homes Inc. Noe previously was Southern California field sales manager for the Laguna Hills-based homebuilder.

Mitsubishi Unit Reportedly Closing 10-Person Unit

The Cypress-based Mobile Computing Division of Mitsubishi Electronics America Inc. is reportedly closing in a move expected to cost about 10 jobs.

Selling Toll Roads Can Make Sense

Last month the state Senate and Assembly transportation committees held a joint hearing looking into the aborted sale of the 91 Express Lanes project in Orange County. The private company that financed, built and operates the project wanted out, and attem

Restaurant List

Restaurant List

Snyder Langston Completes Airport-Area Building

Snyder Langston has completed construction of a five-story office building at the junction of the San Diego (405) Freeway and Von Karman Avenue, the newest addition to the airport area's skyline.

Investors Sour on Edison's Expansion Drive

A few months back, Edison International's prospects looked bright. Its two Irvine-based subsidiaries, Edison Mission Energy and Edison Capital, were helping to lead the way into the new world of energy deregulation. The company was on a buying spree of po

Robinson Law Firm Scores Win over Caltrans

Jeoffrey L. Robinson, a partner in the Newport Beach law firm of Robinson, Calcagnie and Robinson, won a $10.6 million verdict against Caltrans for injuries his clients suffered as a result of a crash on the Baker Grade, a stretch of the Interstate 15 lea

Krause's Furniture Adds Texas Store

Krause's Furniture Inc., Brea, opened an 11,000-square-foot showroom in Mesquite, Texas.

Binge Eating: Meals, Jobs on Rise at Biggest Restaurants

That's what Orange Countians did in 1999, continuing the trend of the last five years, according to the Business Journal's list of the county's 25 busiest sit-down restaurants.

BEST OF ARGUS

n Elian Gonzalez' relatives in Miami said they will fight in the courts to keep the six-year old from being returned to Fidel Castro. They're lucky to be in Florida. A California court would return the child to O.J.

Happy Days

IF WE DIDN'T HAVE GAS PRICES AND THE ACADEMY AWARDS TO COMPLAIN about, we might not have anything to complain about at all.

Wieder Named to Post With Unit of Electropure

Electropure Inc., Laguna Hills, a clean-water technology company, appointed former OC supervisor Harriett M. Wieder senior consultant for the advisory committee of its newly formed subsidiary, Micro Imaging Technology. She will work with Electropure's man

Little Insta Graphic's CEO a Big Name in Trade Circles

Insta Graphic Systems of Cerritos has received the President's "E" award, given by the Department of Commerce to six companies annually for excellence in exporting. The award was to be presented late last week to company president, CEO and co-owner Janet

Gross' Magic Can't Lift eMachines' IPO

It looks as if there's no such thing as a King Midas, even in the fanciful world of dot-com valuations.

Open Minds, Ponzi Team to Nab Callaway Wine Account

Open Minds, Laguna Beach, and The Ponzi Group, Trabuco Canyon, teamed up to pursue Allied Domecq, USA's Callaway wine account and won it, beating out such larger firms as Los Angeles-based Colby, Effler and Partners. The two agencies combined employ 18.

Dot-Coms Pace United Way's Fundraising Surge

Orange County United Way said it has exceeded its $23.8 million goal in its 1999-2000 campaign by $25,000, raising the highest annual total in the organization's 75-year history.

Intersil Takes Spectrum Space for Regional HQ

Intersil Corp. signed a five-year lease for 17,306 square feet within Irvine Spectrum. The Palm Bay, Fla.-based company will use the space for its West Coast corporate office and will occupy it with 30 to 40 employees in May.

No Letup in Sight for OC Development, or for Don Koll

Don Koll turned 67 last week, just after two more of his key executives (Richard Ortwein and Victor Laidlaw) decided to leave his organization to strike out on their own.

CT Realty Buys in Chatsworth, Sells in Corona

CT Realty Corp. has acquired the 227,000-square-foot Chatsworth Business Park in Chatsworth for $10.25 million from the government of Singapore.

Entrepreneur Media Defending Its Mark

Entrepreneur magazine's zeal on behalf of enterprising business owners apparently has its limits.

Anderson Takes Reins of Committee for Arts

N. Christian Anderson III, publisher and CEO of The Orange County Register, has been installed as chairman of the Orange County Business Committee for the Arts. He succeeds Donald P. Kennedy, chairman of the board of First American Financial Corporation,

REAL ESTATE WATCH

The West Orange County office market is composed of 36 properties totaling just more than 2.3 million square feet, about 4% of the total office market in Orange County. Due to its small size, the West Orange County market experiences greater fluctuations

PAJAMA-PARTY MARKETING

The trend developed from TV, says Peter Burke, president of P.J. Salvage, a Costa Mesa-based pajama designer. The P.J. Salvage pajama collection has been worn by characters on popular TV shows like "Party of Five," "Friends," and "Dharma & Greg."

SCAG Projects Boom for Ontario Int'l

If El Toro is not built as a commercial airport, other regional airports,particularly Ontario and March , are expected to see a tremendous increase in demand, according to a recently released report by the Southern California Association of Governments (S

Healthcare Providers Brush Up on Bedside Manners

Talbert Medical Group recently sent all of its providers,mostly physicians,to an all-day seminar on improving bedside manners given by PacifiCare Health Services Inc. and the Bayer Institute for Health Care Communication.

IPNet Signs Deal With H-P, Seeks Funding, Plans IPO

IPNet Solutions Inc., a company that lives and breathes ERP, EDI,and SCM,is looking to add ASP and IPO to its alphabet soup.

DEEP THOUGHTS FROM DR. MIKE

ently we were packing for Palm Springs. I had to remind Mimi that we were taking a short vacation, not moving!

OC Insider -- IBM Incubator in Works; Irvine Ritz on Hold; Bren-Bren Deal

The Insider hears that an incubator involving IBM, Costa Mesa-based Epoch Internet and others will launch in OC soon ... Rumors are flying that the plan to put a Ritz-Carlton in Irvine (!?) at Park Place, off of Jamboree and the 405, is dead. Persons clos