Stories for May 2000

Monday, May 29

Lightning Dubbs

Industry professionals who were looking for a better way to process their own duplication orders founded Lightning Dubbs in 1990. The company has grown and expanded to offer a unique blend of technological expertise and highly personalized attention. Ligh

The Price Of Going Public

The Eye-Catching Amounts Raised in Recent Public Offerings Came Only After Companies Anted Up Big for Legal, Accounting and Other Fees

FCB Gets Wireless Gig, Picks Up E-Business Account

FCB Southern California, Costa Mesa, has picked up two new accounts worth a combined $15 million in annual billings.

Industrial Trader Magazine to Debut

Santa Ana-based Industrial Trader magazine, which will launch June 1, has a place for them in its free monthly classified magazine that sells used industrial machinery, equipment, tools and supplies.

Should You or Shouldn't You?

Deciding whether or not to go public is one of the most important decisions an executive can make. Given the enduring bull market of the last couple of years, it may surprise those who have yet to be faced with this decision that it is also one of the mos

Freedom Looking at Ways to Stem 'Brain Drain'

It's no secret that for years Orange County's top journalists have steered their careers down the proverbial one-way street from the Orange County Register to the doorstep of the Times Orange County.

IP-NO: THE NEW ENVIRONMENT

Uncertainty over the future of tech stocks is tightening the spigot on public capital, leading many observers to advise companies hoping to perform today's corporate rite of passage,or even raise money in follow-up public offerings,to file a backup plan i

HomeBase Struggles to Reinvent Itself and Fend Off Competition, Dissidents

Irvine-based HomeBase Inc. is putting its house in order and moving ahead with plans to reinvent itself even as shareholder unrest brews on the Internet.

Grilling for Growth

Barbeques Galore Ltd. is no shrimp when it comes to the barbecue market Down Under. But now the Australia-based chain of barbecue superstores is cooking up big plans for the U.S. market from its Orange County beachhead.

Western Digital

Western Digital Corp., the computer disk drive company that helped make the Irvine Spectrum one of the nation's elite technology parks, is taking its name off of the 15-story building there that it's called home for the past decade.

LearnByGames Hopes to Bring Phonics to Businesses

Three of the founders of the company that created The Phonics Game to teach children to read are getting ready to market a new board game, PhonOpoly, to the corporate training market.

ICN Shakeup in the Works; Celebs Dine in Desert

The buzz emanating from the corporate offices of ICN Pharmaceuticals is that boss Milan Panic is close to unveiling a major reorganization (some are using the word "breakup") of his company into two or three units. The rumored move follows the February hi

All Eyes Are on Parker Aerospace Site

Now that Edevelopments.com has inked a deal for space at Parker Properties' The Summit office campus, one of Orange County's most coveted pieces of commercial real estate is back in play.

IPO's THOSE WERE THE DAYS

The era of the sure-thing tech IPO, like Quest's

Sistonia Co-Founder Faces Charges; She Claims Harassment

The owner of Orange-based Web designer Sistonia Corp. is facing charges for an alleged role in a check-kiting scheme that defrauded a Midland, Mich., bank out of $60,000, according to officials there.

IPO WOES

On both the dizzying ride up and the stomach-turning trip down, technology stocks continue to be the standard bearers for Orange County companies going public.

Legal Trends

Employers use various compensation methods to motivate and reward employees. Selecting the appropriate method requires an analysis of the costs and benefits in relation to the various tax and securities laws governing such methods. Many start-up companie

Industry Players to Intel: No Thanks for the Memory

Though some Orange County memory makers are rallying against the controversial new technology, developed and licensed by Rambus Inc. of Mountain View, chip superpower Intel Corp. is pushing manufacturers to commit to what it hopes becomes the next-generat

Lunada Moves Out Of Mossimo's Shadow

Lunada Bay Corp. has designed swimwear under the Mossimo label for 11 years. But now that Irvine-based Mossimo Inc. is drowning in a sea of red ink and other troubles, the Anaheim-based licensee is heading for calmer waters.

Brookhollow Gets Backing for New Buys

Costa Mesa-based The Brookhollow Group has purchased two large industrial properties totaling roughly 650,000 square feet for $30 million in North Orange County in what company officials describe as a major expansion drive.

People

Strahan Advertising Inc., Santa Ana, named Carrie Carter public relations coordinator and Abe Avila account coordinator. Strahan specializes in advertising for the food-service industry.

EIS Systems: A company on the move, the man behind it

One of the first things one notices when entering the front door of the EIS Systems Inc. corporate office is a plaque that reads: "Winners don't wait for chances, they take them." These words exemplify the approach of Dan Dawson, president and CEO of the

Hotels Adding Full-Time PR Managers to Get Word Out

The days of the all-purpose general manager or director of sales who handles everything from day-to-day operations to marketing are going by the wayside in the hospitality industry,at least at the county's large, full-service hotels and resorts.

Executive Summary

OC supervisors moved to create a new office to manage El Toro airport planning, with a director reporting to the board and not to county executive Jan Mittermeier, who said that would violate her contract; a final vote is set for June 6 ... Broadcom Corp.

Planning for Videoconferencing

An idea does not have value until it is shared. The more immediate and responsive the communication of that message, the more value it carries to your clients or within your organization. Videoconferencing technology allows real-time collaboration of audi

Back to the Future

It was nearly four years ago to the day. As the Business Journal's technology reporter, I headed out to the far reaches of the Irvine Spectrum to check out Orange County's latest technology start-up.

UCI Names Executive Vice-Chancellor

UC Irvine named Michael Gottfredson executive vice chancellor, the second-highest administrative position at the university. His term begins July 17, pending approval by the UC Board of Regents.

OC Tech Pioneer Jack Carr Dies

Jack A. Carr, a pioneer of Orange County's development into a tech center, died May 20 following a heart attack. He was 71.

Executive Address

IRVINE, CA - Singles, couples and families alike are delighted to discover the magnificent array of improvements currently underway at Irvine Apartment Communities' (IAC) family-oriented Park West apartment enclave, where a multi-million-dollar updating p

Bluetorch Fires Up Motocross Magazine

Irvine-based Bluetorch, a division of Broadband Interactive Group, recently launched a new motocross and supercross magazine called MX RAGE targeting riders ages 12 to 24. The free, full-color, 80-plus-page lifestyle magazine features news, expert product

Applied Medical Wins Patent Rulings

A Southern California U.S. District Court has upheld patent infringement claims by Applied Medical Resources Corp., Laguna Hills, against Core Dynamics Inc. of Jacksonville, Fla.

Real Estate Deals

CT Realty, Newport Beach, purchased five buildings totaling 265,787 square feet of office space in California for $24.5 million from Newport Federal, also of Newport Beach. Rob Mitchell of Voit Commercial Brokerage's Anaheim office, and Alan Pekarcik and

Corbin & Wertz Buys Another Firm

Corbin & Wertz, Irvine, has acquired Murchison & Marek, a Long Beach-based tax and accounting firm.

Hyperdisk Media Inc. announces leading-edge new products and services for Internet digital video

Hyperdisk Media Inc. was formed in 1995 to leverage its expertise in digital technology for the development of Internet-based business solutions. The company has over 5 years of R & D; experience in the compression and digitizing of video and has produced sy

REAL ESTATE WATCH

More than half (53%) of the Orange County office base is made up of low-rise buildings,that is, those that are one to three stories in height. The average asking rents for low-rise space in the Orange County office market have been climbing streadily. The

County Consortium Targets Diabetes With $1M Fund

An OC healthcare consortium has committed more than $1 million over the next three years to combat diabetes, and its members will gather June 1 at the Westin South Coast Plaza to discuss battle plans.

Matrix Visual Solutions:

Matrix Visual Solutions is in the business to support, supply and guarantee presentational success. The Matrix facility houses a vast variety of presentation equipment. For many years, Matrix has successfully facilitated Corporate America, Trade Shows, Ed

Former Western Digital Exec Named Escrow.com CEO

Russell Stern, a former front-runner for the top job at Western Digital, is taking over as CEO of Santa Ana-based escrow.com, a small Internet startup with big players behind it.

Letters

Perhaps you might want to crack the latest issue of Forbes magazine, in which they rate OC seventh among all metropolitan areas in the U.S. for business prospects.

Problem Loans

The volatile subprime lending industry is in another one of its downturns, and this one's a doozy.

Sunday Brunch Tops 7-Day Lunch Menu at Bayside

There are few places where you can have lunch seven days a week. But Bayside in Newport Beach, barely 6 months old, continues to offer interesting alternatives for dining. Since its opening, there has been the interesting food of chef Paul Gstrein, first

Tax Lesson

Gray Davis' proposal to exempt public school teachers from paying state income tax.

E & Y; Names Finalists for 'Entrepreneur of Year'

Ernst & Young; has announced the finalists for its OC Entrepreneur of the Year awards.

FLASHCOM FORGES AHEAD WITH IPO PLANS

Company Hopes to Raise $125 Million Despite Bear Market, Red Ink and Bad Word-of-Mouth Talk about staying bullish.

Deep Thoughts From DR. MIKE

n Older patients in Orange County needing heart transplants and for whom a young heart is not available can elect to receive a surgically "refurbished" heart. Now I can have a pre-owned heart to go along with my pre-owned car!

EARNINGS

HomeBase Inc., Irvine, reported a net loss of $1.1 million on sales of $365.8 million for its first quarter ended April 29, compared with net income of $0.7 million on sales of $365.3 million in the first quarter of 1999. The company attributed most of th

eSynch Tapped by The-Best-Movies.com

Tustin-based eSynch Corp. has been selected to provide digital encoding, streaming and hosting services for online entertainment site, The-Best-Movies.com. The Web site is owned by Entertainment in Motion, a motion picture distribution company for the air

Monday, May 22

Incubator Heading To Aliso Viejo's Summit Campus

In a coup for Parker Properties and a quick recovery by eDevelop-ments.com, the technology start-up last week signed a five-year lease for 114,000 square feet with an option for an additional 320,000 square feet in The Summit Office Campus in Aliso Viejo.

CT Realty on a Roll with Purchase of Five Office Buildings

Newport Beach-based real estate investment and development firm CT Realty Corp. recently added 245,260 square feet of office space to its portfolio with the purchase of five office buildings for $24.5 million. The buildings, four of which are in Santa Ana

Architect's New Office Is 'Haunting'

When the film "The Haunting" was released last year, it bombed. The haunted castle, which was supposed to be in England's Berkshires, didn't look authentic, complained one reviewer, who wrote, "Fright often depends on verisimilitude and that gets sacrific

Broadcom Goes Calling Abroad

Broadcom Corp. is hoping to cash in on broadband fever overseas with a new line of cable modem chips aimed at the European market.

Software Firm Moves to New Anaheim Site

HIARC Inc., a growing software developer, has moved its headquarters from Orange to a larger site in Anaheim.

CashMap.com Takes The Dot-Com Road Less Traveled

He's an ordained minister by trade, but 39-year-old Robert King is on another mission these days: persuading Internet users to give up a bit of privacy in return for a little cash.

Saving Soul:

So say some Orange County businesspeople. Even in the dog-eat-dog world of inveterate job-hopping. Even when financial performance reigns supreme. Even in Orange County.

LETTERS

Every week I look forward to reading interesting information in the Orange County Business Journal. I was thrilled when I ran across the article about Project Independence.

Alta Dena Boosts Commitment to WISC

Alta Dena Certified Dairy has expanded its sponsorship of the Women In Sports & Careers Foundation.

MISS MANNERS meets new-age communication

And while sometimes it looks as though there is no escape,in a video store hearing a spouse explain that a long-awaited video is all checked out, in a fast-food restaurant at 8 a.m. or even in the usually silent bathroom of an Irvine office building,sever

New Approach for El Toro?

An aerial map of the El Toro airport suggests that the flight pattern that would keep planes the farthest away from the most existing homes is to land them from the north over the Cleveland National Forest and to send them off to the southwest, over Cryst

R.D. Olson Breaks Ground for Residence Inn

R.D. Olson Development broke ground last week on a 174-room, limited-service hotel in Irvine at Jamboree Road and Union near the Hyatt Regency Irvine.

Tech Drives Private Companies, Too

In the public company sector, Orange County's fastest growers of revenue are in the high-tech sector.

LA Trade Show Not Just Fun and Games to OC Gamers

It was hard to tell with all the flashing laser lights, simulated explosions and costumed characters walking through the Los Angeles Convention Center, but for the Orange County contingent at last week's Electronic Entertainment Expo trade show, video gam

Hotels Eye Summer for Start of Rebound

By Orange County's construction-impinged hoteliers are crossing their fingers in the hopes that this summer will bring a long-awaited turnaround.

CalWest, Bank Of OC Merging Operations

The Bank of Orange County will be merging with its sister bank CalWest Bank, to create a $241 million asset, 100 employee, five-branch bank.

Private Co. & Hotels

Private Co. & Hotelshotel, private company, list

Pick Up Stix Rolling Out New Stores, New Sign

He is president, founder and majority owner of San Clemente-based Pick Up Stix Inc., the Chinese fast-food chain that's a fixture in Orange County and spreading elsewhere, with 48 stores, 1,100 employees, and reported sales last year of $36 million, up 24

Calendar May23 - May 29

Six Easy Steps To An Effective Estate Plan (A.G. Edwards & Sons Inc.) Laguna Hills 6-8 p.m. Free (949) 458-7113 Inexpensive Marketing Techniques (Susann Linn) Irvine 9 a.m.-Noon $65 (949) 786-1320 RSVP Breakfast with Harvey Mackay (BMA-SoCal) Irvine 8

Rh?ne Ranger's Bonny Doon Vineyards Sparkle

Randall Grahm, the irrepressible owner/winemaker of Bonny Doon Vineyards in Santa Cruz would never want a customer, potential or otherwise, to spend too much time trying to find a unique wine to brighten his meal. Thus, 21 wines are currently available fr

Battle of the Oranges:

Orange County, once seen as a tourism step-child of Los Angeles, is poised to move into the big time among tourist destinations when the $5.4 billion remake of Anaheim and the Disneyland Resort is complete at year's end.

Broadband Internet Access Set for Prime Time

After years of promises and months of delays, ubiquitous high-speed Internet connections are almost here. At least a few Orange County companies hope so.

Carpenters Take Aim At Another Contractor

After months of picketing Huntington Beach's Covi Concrete Construction and its clients last year, union members now have taken aim at Hil Builders.

Changes in the Air at Area Hotels

Construction on tourist attractions may have Orange County hotels in a holding pattern in terms of growth, but some existing hotels are making sure they stay up to date.

Real Estate Deals

Turner Development Corp., Newport Beach, purchased the 38,450-square-foot, three-building flex-tech Freeway Business Center on Pullman Ave. in Santa Ana. John Griffin of Voit Commercial Brokerage's Irvine office represented both the buyer and the seller,

Electronic Tour Guide

CellBook, Mission Viejo, has launched the next generation in tour guides: a handheld electronic device that enables tourists to quickly locate restaurants, shopping, theaters, ATMs and maps at the touch of a button.

Sales Surge At Mission Viego With New Shops

Orange County shoppers spent a lot more money in their own backyards in the last part of 1999.

Lincoln Redefining Its Brand, Revamping Dealerships

Lincoln-Mercury's website is a good symbol for what is happening to the automaker.

Martin, Schindler Set Up Shop; Private Golf Course on Tap

A couple of prominent OC execs have linked up, at least spatially, and are said to be looking for deals to do. VCer Chuck Martin, dba VentureLab LLC, and lawyer Walt Schindler, dba Odyssey Internet Group, are sharing a suite on Newport Center Drive by Fas

Telecom's Growth Astounding, Even To Industry Players

Even those of us who live and breathe this business every day continue to be surprised by the growth in demand for advanced communications capabilities, particularly broadband services. A year ago, I spoke at a telecommunications industry conference and d

Long Fabled, OC Biomedical Industry Gets Put In Print

Orange County has long been synonymous with medical device makers. Now the Orange County Business Council has chronicled a bit of that legacy.

Telecoms Grabbing Lots of Prime Space for Machinery In Neighboring LA

This time last year, the only thing brokers in Downtown Los Angeles wanted to talk about was Staples Center and how it was the great hope to revive the region.

Pacific Property Still Apartment Hunting

Drawn by rising rents and strong employment growth, Palo Alto-based real estate investment firm Pacific Property Management has purchased two apartment buildings in Orange County this year and is looking to spend another $80 million in a Southern Californ

Airshow Debuts Customized Inflight Entertainment

Airshow Inc., a Tustin-based provider of in-flight information and entertainment systems, introduced last week the iSYS Intelligent Cabin Systems that will enable passengers to customize and control all on-board amenities from their seats.

Tourism, OC Style: If We're Building, They Will Come

Orange County's tourism industry is on the brink of rejuvenation after languishing in a sea of construction for the past few years.

Hyundai Pushes New SUV on Web

Fountain Valley-based Hyundai Motor America recently launched a new web site to promote the upcoming September debut of its Santa Fe sports utility vehicle and create a new experience for customers. The site targets existing Hyundai customers who are in t

E-Net Financial Gets More Funding

A fund managed by Jupiter Asset Management Ltd. acquired a $2 million stake in Costa Mesa-based e-Net Financial.com, an online financial services company. This is the second funding in the last two months for e-Net, bringing the total raised to $4 million

GOING WIRELESS

While most people have some kind of Internet access from work and home, corporate road warriors have found themselves stranded, cut off from such rudimentary technology as e-mail and web access.

BEST OF ARGUS

n Chicago's Field Museum unveiled a 41-foot-long and 13-foot-high Tyrannosaurus rex skeleton. Scientists speculate it was female based on its size and bone structure. They think it may have been attorney general.

EARNINGS

SRS Labs Inc., Santa Ana, reported a $4.3 million net loss on sales of $7.2 million for the first quarter ended March 31, compared with a $1.5 million net loss on sales of $7.7 million for the same period last year.

Merrill Lynch's OC, LA Program Expands

A minority lending program set up by Merrill Lynch & Co. three years ago for Orange and Los Angeles counties is expanding to more of Southern California, as well as the San Francisco area.

PayPro Looking for Internet-Based PayoffBy PAUL HUGHES

PayPro.net is trying to shake-up a staid industry by taking to the Internet. But that may not be enough anymore.

Irvine Group Leads Charge For Small Phone Companies

Nationwide policy debates between upstart telecommunications providers and the entrenched regional phone monopolies they hope to overthrow could converge in Orange County, thanks to an increasingly vocal advocacy group based here.

In New Ad Spots, Del Taco Takes Aim At Itself

They've done the bouncing bikini babes on the beach thing. Then they took a stab at rival Taco Bell by showing a talking Chihuahua driving through their takeout window in the back of a limousine. And finally, they politely agreed to pull the plug on their

REAL ESTATE WATCH

Approximately 29% of the Orange County Office market is made up of high-rise projects, buildings seven stories or greater. Average asking lease rates, which have been steadily rising in the high rise market, finally dipped in the first quarter. Net absorp

The Highest and Best Title

I was a few weeks into my job as editor here when my brother called from our hometown of Chicago to find out how I was faring in Orange County.

PEOPLE

Deloitte & Touche, Costa Mesa, appointed Karen S. Stock senior manager in the Southern California/Nevada financial counseling services group. The 26-year industry veteran rejoins the firm after working for Benefit Funding Services Group, formerly a divisi

Crime, Go Figure

Why? Politicians and law enforcement agencies like to cite better policing and community programs. Don't buy it. While individual initiatives and targeted programs can reduce crime in certain neighborhoods or areas, they can't explain across-the-board dro

Monday, May 15

Kia's New Shop Unveils 3-Spot TV Campaign

To the background music "When I Fall in Love," a young man sails along in the new 2000 Kia Spectra soaking up the scenery, leaning out the car to polish the windshield and sticking his head out of the window to yell for joy. But the Kia fanatic's ride is

QLogic Buys Its HQ for $33 M

In an all cash deal, QLogic Corp. has purchased its 156,000-square-foot corporate headquarters as well as space for another building in Aliso Viejo for roughly $33 million from Parker Properties.

Harbor National Bank Eyes Third Branch

Harbor National Bank is planning to expand its Orange County presence even further after it opens its Newport Beach branch in the summer.

HEALING HAND

Keith Wilson's interest in babies began early, back in his childhood in Compton, where he taught himself by reading medical books and bemusing his schoolmates with his knowledge.

Another Million Feet: Coreland Carlson Off to Fast Start

The Tustin-based property-management and real estate brokerage firm has won eight new property-management contracts in Southern California during the first quarter of 2000. The new contracts,totaling 1.27 million square feet of retail, industrial and offi

OC Business Owners Receive SBA Honors

Rachel Owens, owner of Irvine-based R. Owens Insurance Services, was named the Small Business Administration's women in business advocate of the year for the Western region, the first OC winner of the regional award since 1996.

Minor

Minor

Irvine Co. Gets Go-Ahead for $150M Santa Clara Project

Santa Clara's City Council has approved The Irvine Co.'s plans to build almost 1 million square feet of office space in a six-building, $150 million project on city-owned land along the city's western edge.

More Cabbies Cry Foul Over County's John Wayne Contract

There's a new wrinkle in the airport-cab controversy, which has centered on the supervisors' 3-2 vote to award the exclusive John Wayne contract to American Taxi, a new company formed by well-connected lobbyist Lyle Overby. An eight-member review panel th

Revenue, Jobs Up at Minority-Owned Firms; Kingston Back at No. 1

It didn't take long for Kingston Technology Co. Inc. of Fountain Valley to reassert itself as the largest minority-owned firm based in Orange County.

Who's Afraid of the Big Bad Bear? Not Rapid Ascent

Tech volatility might be scaring off some investors, but according to the founders of Orange County's newest dot-com incubator, there's no better time to enter the market.

HONORING BUSINESS ACHIEVEMENT

The OCBJ, in separate events recently, recognized outstanding Orange County businesswomen and brought together top figures in the county's real estate industry. Pictures from the annual Women in Business Awards luncheon May 4 at the Hyatt Regency Irvine s

Orange Count Office Market

The Orange County office market encompasses approximately 80.7 million square feet, including more than a half-million square feet of new space delivered in the first quarter. The average asking full-service-gross lease rate remained above the $2 threshol

INCUBATORS FEELING THE HEAT

Technology incubators, the entrepreneurial hotbeds that just a few months ago seemed the rage of a booming dot-com economy, could face a reality check from wary investors.

Auto-Care Row

A standing joke among auto aficionados is that if you drive down 16th Street off Superior Avenue, by the time you get to the end you may be sitting in a naked chassis.

Executive Summary

QLogic Corp., Aliso Viejo, said it will acquire Ancor Communications Inc., Eden Prairie, Minn., in a stock deal initially valued at $1.7 billion; QLogic shares fell sharply following the news ... GeoLogistics Corp., the parent of Bekins Co., said it is mo

DON'T LOOK NOW, BUT ...

Is the hot Orange County commercial real estate market finally cooling a few degrees?

Orange County Industrial Market

The Orange County industrial market encompasses just more than 240 million square feet. In the first quarter, more than 4.5 million square feet were sold or leased.

Midwest

Chicago's older buildings are reaping the rewards of the technology revolution as several in the central business district are undergoing renovations to house the growing number of high-tech companies choosing to make Chicago their home. Formerly known as

Orange County

The Orange County office and flex-tech markets initiated the new millennium by surging well beyond expectations. During the first quarter of 2000, vacancy dipped, lease rates increased, and absorption skyrocketed. Post-Y2K optimism and the stubbornly succ

Edison Mission Energy Acquires Citizens

Irvine-based Edison Mission Energy announced it will acquire Citizens Power, the power-marketing subsidiary of the Peabody Group. Financial terms of the deal were not disclosed. The deal is expected to be completed this summer, pending approval from the F

Architect's New Office Is 'Haunting'

By When the film "The Haunting" was released last year, it bombed. The haunted castle, which was supposed to be in England's Berkshires, didn't look authentic, complained one reviewer, who wrote, "Fright often depends on verisimilitude and that gets sacri

Mittermeier Doesn't Rule Out an Offer from Private Sector

When Jan Mittermeier was expecting to be fired last month as the county executive officer of the Orange County government, she took the memorabilia off the walls of her office and packed her belongings.

Orange County Retail Market

The retail market proved to be strong at the beginning of the new century. First-quarter vacancy rates were down, net absorption was positive, lease rates were up, and construction activity increased.

Calendar May 16 - May 22

The Advisory Board and the Board of Directors: Guidance vs. Governance (Forum for Corporate Directors) Newport Beach 5:30 p.m.- Free/$75 (714) 771-3404 Breaking the Mold, Fostering Innovation: An Evening of Interactive Creativity (Conexant, UC Irvine Gr

Splichal Coming to Town for Two-Night Stand

finesse about them. Just ask the connoisseurs who are putting them in their private cellars. The wines for this dinner include: 1998 Sauvignon Blanc, 1997 Chardonnay, 1996 Petite Syrah, and 1996 Cabernet.

First Fidelity Sees Growth in Assets, Earnings

Charles Keating's conference table has a new home in Tustin-based First Fidelity Investment and Loan's boardroom. First Fidelity's officers bought the walnut table at a used-furniture auction about five years ago. "It's a beautiful table," said Boyd Warne

Self-Made Senyei Now Helps Build Tech Startups

Venture capitalist Andrew "Drew" Senyei still remembers the first complete sentence he so cheerfully spoke in English: "Wonder Bread helps build strong bodies 12 ways."

Legal Insight TEN TIPS TO REDUCE YOUR LEGAL EXPENSES

With the ever increasing cost of legal services, companies of all sizes are searching for ways to lower their legal costs. The following tips attempt to provide guidance for those seeking to avoid or minimize legal expenses, especially those incurred in

Real Estate Watch

The Greater Airport Area contains nearly half of the 80 million square-foot office base in Orange County. One building in the Greater Airport Area market was completed in the beginning of the year, adding 94,053 square feet to the base. The building was e

Hispanic Chamber Honors Eight

The Hispanic Chamber of Commerce on April 29 hosted its annual Estrella Awards Ceremony at the Disneyland Hotel in Anaheim.

Time to Close a Taxation Loophole

Public agencies in California are awash in billions of surplus tax dollars. At the state level alone, the surplus figure is between $10 billion and $13 billion. In this circumstance, it is remarkable that taxpayers are forced to fight against tax increase

GOING UP: CURRENT CONSTRUCTION IN OC

These are the major commercial buildings under construction in Orange County:

Real Estate Deals

Pala Enterprises LLC purchased a 109,838-square-foot manufacturing and distribution facility in Garden Grove. Jim Snyder, senior vice president of Lee & Associates' Newport Beach office, represented the buyer and CB Richard Ellis represented the seller, K

Churm Publishing Buys Golf Group

Churm Publishing Inc., Newport Beach, publisher OC Metro and OC Family magazines, is expanding its readership with the acquisition of Santa Ana-based Golf Media Group, publisher of Orange County Golf, Los Angeles County Golf and San Diego County Golf.

Sorry About That

Ray Dixon, ranks second on this week's list of largest Orange County minority-owned businesses. We had to estimate the company's revenue, though, because it declined to participate in our survey.

People

Berger, Kahn, Shafton, Moss, Figler, Simon & Gladstone, elevated Catherine K. LaTempa, practicing insurance law, Jon G. Miller, practicing labor and employment law, and Stephen L. Weber, practicing construction law, to principals of the firm.

CHANGING HANDS: FIRST-QUARTER DEALS

The biggest deals in the first quarter in OC. Sales are ranked by price, leases by square footage.

Edwards Switching to Web for Heart-Surgery Broadcasts

Surgeons will wear cameras mounted on their glasses and teach new techniques in open-heart surgery at Edwards Lifesciences' web site, www.edwards.com.

KUDOS

Karen Bennett from Community Association Consulting, Newport Beach and Ross Feinberg of Feldsott, Lee & Feinberg, Newport Beach received the President's Award from the Community Associations Institute, Orange County Regional Chapter.

Memory Makers Set 'Summit' to Take on Rambus

A 2-year-old battle over the next generation of computer memory is intensifying as manufacturers gather next week to push a grassroots standard they hope will eclipse competing technology developed by Mountain View-based Rambus Inc.

Fab Concepts Moves to New, Larger Building

Fabrication Concepts Corp., a fast growing sheet-metal maker, has moved its corporate headquarters into a new 200,000-square-foot space in Santa Ana and plans to almost double its work force of 250 in the next 12 months.

EARNINGS

PacifiCare Health Systems Inc., Santa Ana, reported net earnings of $74.6 million on revenue of $2.8 billion in the first quarter ended March 31, compared with earnings of $73.9 million on revenue of $2.5 billion in the first quarter of 1999.

Hotel Sales Market Heats Up in First Quarter

In the first quarter of 1999, Orange County had only one hotel sale,the 320-room Buena Park Hotel, now the Radisson Resort at Knott's Berry Farm that sold for $17.5 million. This year, Orange County has seen a total of five hotels change hands in the firs

BEST OF ARGUS

n President Clinton announced the U.S. government successfully weathered the I Love You virus. It's time he stopped bragging about surviving impeachment.

Friday, May 12

BEST OF ARGUS

n Hillary Clinton noted the 25th anniversary of the end of the Vietnam War by reminding voters she tried to enlist in the Marines in 1972. She was turned down. The Pentagon decided we weren't that mad at the Viet Cong.

More OC Hotel Projects Put on Hold as Financing Tightens

The once-buoyant enthusiasm of hotel developers anxious to ride the coattails of a remodeled Convention Center and Disney's California Adventure has waned in the wake of stock market turmoil, interest rate hikes, more stringent financing requirements and

E*Offering Offshoot Takes Root

NetChemistry is everyone's picture of a tech start up. The president sports a Hawaiian shirt and shades. Techs run around with no shoes on. A toaster sits on a dorm-size fridge in the supply room next to a network server, across from shelves filled with v

Government & Institutions

Three key figures in UCI's drive to build its reputation for academic excellence, raise Orange County's profile as a national center for technology and to strengthen town-gown ties. Blake and Moebus took current assignments in 1997 under then-chancellor L

Real Estate Deals

CB Richard Ellis sold Summit Springs Business Park, a 235,000-square-foot, three-building office complex in Santa Fe Springs, to Brian Weiss and the Wysard Family for a total of $11 million. Weiss purchased one building; the Wysard Family purchased the ot

BUSINESS SERVICES --- Incubator Deal Falls

It's off: The Insider is told that the deal for Scott Blum's eDevelopments.com to buy the 40-acre Parker Aerospace parcel and develop it into a high-tech incubator complex has fallen through One of OC's most accomplished women executives is stepping awa

A Revolution at Project Independence

A $3.2 million, 22-year-old organization with 30% revenue growth over the past three years, 150-plus clients, corporate ties by the dozen, and a strong relationship with government agencies could be any of several local firms.

The guide to doing business on the Internet for only $19.00 per week.

AIRLINES

ECONOMY --- 'New Economy' Stars Shine on this Year's OC50

It's been decades since the hide-and-tallow industry or James Irvine's sheep operation dominated Orange County's landscape, literally or economically. And California's gold rush, accompanied by a similar silver discovery in OC, long ago gave way to citrus

BIOMEDICAL --- Beckman Coulter Gets It Together

Being an old-timer churning out new products is beginning to pay off for Fullerton-based Beckman Coulter Inc.

Ver Vynck Wants to Steer Sol? to Its Place in the Sun

Everyone knows we can't live without water, but can we live without bottled water?

HitDisc.com Wants to Put Custom-CD Kiosks in Malls Nationwide

Mark Asdourian, former general counsel for Shopping.com and a career attorney, cringes as his new company's flagship device belts out the familiar strains of Beethoven's Fifth Symphony punctuated by audible spurts of passing gas.

Real Estate

One of Orange County's foremost retail developers, investors, philanthropists and political forces; major benefactor of Chapman University, where business school is named after him. Has taken controversial political stands in favor of El Toro commercial a

The Bug

The Bug

LoansDirect to Provide Mortgages Through Homestartz.com

In a turbulent sub-prime industry, LoansDirect Inc., an online sub-prime mortgage lender based in Huntington Beach, entered into a definitive partnership agreement with Homestartz.com, a service that matches new-home builders with potential buyers online.

Ports Asking Distributors to Go 24/7 in Peak Season

Concerned that the looming deluge of holiday-season imports may pile up and overwhelm local ports, officials at the ports of Los Angeles and Long Beach, as well as shipping lines, are preparing to press major retail chains to institute round-the-clock dis

NetPack Betting on Julia

NetPack Inc., the Irvine company that plans to launch a line of kiosks that sell cards used to download commercial software from the Internet, has secured the electronic rights to an upcoming Julia Roberts biography, "Pretty Superstar."

Calendar

Maximizing Your Real Estate Equity (Courtland Financial Group Inc.) Irvine 5:30 p.m. Free (949) 251-6901 REITs: The Current State of Affairs and Where Do We Go From Here? (UCI Graduate School of Management) Irvine 7:30 a.m. $35 (949) 824-1147 Is E-Bus

RiechesBaird Rings Up $6M RealityBuy.com Account

RealityBuy.com is the ad shop's latest win, with billings estimated to be about $6 million. Plans are to create an overall branding and positioning campaign, as well as doing web-site design, print and electronic advertising and PR work. Irvine-based Real

REAL ESTATE WATCH

San Diego County's industrial market experienced approximately 1.9 million square feet of positive net absorption during the first quarter, driven by 4.5 million square feet of total gross activity.

Small Property-Management Firms Getting Squeezed Out

Given the go-go nature of today's real estate market, some people may consider Don Smith to be a pessimist. He sees himself more as a realist.

Executive Summary

A computer virus called "ILoveYou" and a second one called "VERRY FUNNY" raced through OC and around the world, disrupting millions of computers, including systems at UCI, Fluor Corp., Ingram Micro Inc. and Broadcom Corp. ... Broadcom Corp., Irvine, enter

Entrepreneur Wants to Bring Auto Dealers, Aftermarket Closer

The name Steven Fry may not ring any bells, but one of his inventions is pretty familiar.

Earnings

lngram Micro Inc., Santa Ana, reported earnings of $94.0 million on revenue of $7.80 billion in the first quarter ended March 31, compared with earnings of $38.5 million on revenue of $6.73 billion in the first quarter of 1999.

LEGAL UPDATE --- SUPREME COURT CLEARS THE WAY FOR KNOCKOFFS

In a unanimous decision, the United States Supreme Court recently ruled that product designs are not inherently distinctive and thus are not entitled to trademark protection unless the design has acquired secondary meaning - that is, that the public perce

D?j? vu

IT LOOKS LIKE IT'S ABOUT THAT TIME IN THE POLITICAL CYCLE FOR reporters and investigators to start turning over rocks.

Pot Calling Kettle

incarnation of a law that was supposed to be used to track down mobsters, House Democrats are suing Majority Whip Tom DeLay for being an effective fundraiser. A shocked,shocked!,congressman/instigator Patrick Kennedy said DeLay was guilty of "hammering co

Services

After founding Buy.com, which has become one of the biggest dot-com retailers in the business and has made him a centimillionaire, Blum is stirring the entrepreneurial juices again with his technology incubator, ThinkTank.com. Hopes to have a hand in a ne

Downey Wins Case Against LA County

Newport Beach-based Downey Savings and Loan won a landslide-related court case against Los Angeles County. Along with two Malibu-area families, the lender was awarded almost $2 million in damages as a result of a landslide that destroyed four homes in Las

Refractec Ready to Launch Eye Treatment Overseas

Irvine-based Refractec Inc. recently received FDA approval to treat both eyes of patients, on the same day, during its clinical trials. Refractec also will launch its Conductive Keratoplasy (CK) farsightedness treatment internationally in September.

Deep Thoughts from Dr. Mike

Back from a vacation in New York City with the following thoughts and observations:

People

RiechesBaird, Irvine, added Cassandra Gharadjedaghi as media account executive. Her primary focus will be media placement for the firm's clientele in magazines, newspaper, television, radio and the Internet.

Prager Decides Sunday Is Day of Rest at the Ritz

The Ritz Restaurant and Garden used to close on Sundays, then somewhere along the way, owner Hans Prager decided to serve Sunday dinner. As of now, the Sunday dinner service is discontinued. Hans thought it more important to consider the family time of hi

Freedom Shakes Up Board, Colorado Management

Freedom Communications Inc., parent of the county's largest newspaper, the Orange County Register, has revamped its board and undergone a leadership change at its No. 2 paper, the Gazette in Colorado Springs.

NetPack Nabs Roberts Bio, Space on Bases

NetPack Inc., an Irvine company that plans to launch a line of kiosks that sell cards used to download commercial software from the Internet, has secured the electronic rights to an upcoming Julia Roberts biography, "Pretty Superstar."

RETAIL --- Handshake.com

The onetime Fullerton e-commerce firm, an online service that allows customers to receive bids on services ranging from car repairs to dog grooming, has moved to Los Angeles, saying the northern metropolis offers a more attractive working environment and

HONORS ---PUSHING HIGHER

When Linda Burkett started at Bergen Brunswig Corp., she was a 17-year-old file clerk with a long pony tail living in New Jersey and the company was simply Bergen Drug Co. Thirty-one years later, Bergen has acquired Brunswig, headquarters has moved to Cal

Why China is Good for Business

Congress has the opportunity this year to give U.S. workers and businesses a competitive edge by supporting Permanent Normal Trade Relations status for China. That status will enable the United States and California to share in the economic benefits when

Industry

Boeing's top gun in OC. Oversees company efforts in launch services, including the Delta family of rockets, Sealaunch and X-vehicles, and on-orbit payload servicing; human space flight and exploration, including the Space Shuttle and the International Spa

InterviewNow a Dot-Com That's Also a Family Affair

InterviewNow.com, an Irvine based firm with 25 employees, allows recruiters to funnel candidates from all job-posting sources through one portal for sifting. Applicants can be knocked out in the first round and sent a "no interest" e-mail, or numerically

CREATING AND PRESERVING VALUE IN A DYNAMIC MARKETPLACE

As an investment, real estate has long been regarded as a fixed asset. But the industry is a study in dynamics. Continuing shifts in supply, demand, ownership, and capital structure are creating a host of new opportunities and challenges. Traditional r

SM & A; Hopes New Name (Emergent) Changes Its Fortunes

Steven Myers, and his name, have fallen out of favor with Wall Street. That's one way to interpret last week's moves at Newport Beach-based SM & A; Corp., which changed its name, shook up its board and announced the resignation of founder Myers as the compan

Eisele Ending Decade-Long Tenure at Union Bank

Larry Eisele is in the process of retiring from Union Bank, where he was in charge of the lower middle-market commercial banking segment. As of Jan. 1 he dropped his title as executive VP and division manager for commercial banking and became a senior adv

GOVERNMENT --- Bidders, Lobbyists Line Up for Big County Contract

The home stretch is near for five teams of companies aiming to win the largest contract ever awarded by the Orange County government,a five-year pact worth $120 million or more to run the county's data-processing and telecommunications centers.

Conexant on Hiring Binge to Meet Growth Projections

Despite the battering it has suffered on Wall Street in the tech-stock slide, Newport Beach-based chipmaker Conexant Systems Inc. remains on a sharp growth curve, according to CEO and chairman Dwight Decker.

Entridia Snags $15M in Third-Round Funding Deal

Entridia Corp., an Irvine startup that designs high-speed networking chips, received a $15 million vote of confidence from Applied Micro Circuits Corp. in what officials expect to be the first part of a two-stage round of financing.

Monday, May 8

JAMES LOUIS DOTI

Dr. Yes. Has overseen can-do administration that is growing buildings, staff, students and test scores at OC's largest private university.

Monday, May 1

Office

The Orange County office market started off 2000 with another strong quarter of construction activity. Four different projects had buildings completed in the first quarter of the year, in the Airport Area and South Orange County. One two-story building c

OC Shops Bring Home Bundle of Regional Addys

DGWB Advertising, Irvine, FCB Southern California, Irvine, Casanova Pendrill Publicidad, Irvine, Lawrence Mayo & Ponder, Newport Beach, Alcone Marketing, Irvine, and Side Show Advertising, were just some of the top winners at the Western regional American

Now for the Rest of the OC Pubco Story

To get a flavor of the wide variety of businesses in Orange County, check out the bottom tier on this week's list of publicly owned companies.

State Tax Official

The Internet causing problems for tax collections in California? Baloney, says Dean Andal, chairman of the California Board of Equalization.

WHERE ARE THEY NOW?

When the Orange County Business Journal began its Women in Business awards in 1995, OC was just pulling out of recession and under the cloud of the county bankruptcy scandal. The county, of course, has since seen a long bubble of prosperity. And the Women

PEOPLE

Robert Berenguer was promoted to vice president and operations manager for the Orange County business unit of Turner Construction Company. He was previously operations manager at the Orange County office, which employs 100 staff members.

Suffolk Construction Opens West Coast Office in Spectrum

Boston-based Suffolk Construction Co., one of the biggest national construction companies, has opened an office in the Irvine Spectrum, where it hopes to serve its existing national client base as well as compete for new work on the hot Southern Californi

LETTERS---El Torro, Cont'd

It is this subcontractor's opinion that Project Labor Agreements are a direct attack on the economic growth of Orange County's labor force. Presently we are being faced with these agreements as they relate to the El Toro Airport, the demolition and re-bui

BEST OF ARGUS

*Janet Reno read children's stories to kids at the White House Easter Egg Roll. The children paid strict attention to her. When she says she will huff and puff and blow your house down, they know she's not kidding.

Hycor Markets Autoimmune-Allergy Test System

Hycor Biomedical Inc. recently introduced a new product called HY-TEC 288, which tests for autoimmune diseases (such as rheumatoid arthritis) and allergies at the same time. With a single blood sample, the hardware/software package can test for up to eigh

COMMENTS--The Miami Raid

automatic gun toward a terrified Elian Gonzalez got me wondering: Where's Bill Clinton preaching gun control when you need him?

eSAT Says No to Outside Funds, Takes Shareholder Deal

eSAT Inc., a Fountain Valley high-speed Internet access provider, has backed out of a previously announced $12 million financing deal and instead raised $7.5 million from an existing shareholder.

Disney-Hotel Name Changes in Works; Decker Ranks OC

Sandi Cain has an update on Disney's Anaheim schedule: Disneyland Pacific Hotel will be renamed Disney's Paradise Pier Hotel, probably in the fall. In addition, the three towers at the Disneyland Hotel will probably be renamed, too, to better reflect the

Parker Named UCI Vice Chancellor for Research

William Parker, long-time associate executive vice chancellor for UC Irvine, will vault into the position of vice chancellor for research and dean of graduate studies on July 1.

EARNINGS

Standard Pacific Corp., Costa Mesa, posted earnings of $13.9 million on revenue of $232.1 million for the first quarter ended March 31, compared with earnings of $13.8 million on revenue of $214.5 million in the first quarter of 1999.

Executive Briefcase

By Irish playwright Bernard Farrell, directed by Andrew Barnicle, at Laguna Playhouse, Tuesday to Sunday through May 14; $21-$40. Call (949) 497-2787

Frenchy's Bistro Surprises Behind Unassuming Facade

When I recently wanted to have lunch with Kevin, our older son who lives in Long Beach, it was a given that we'd be sitting at a pretty decent table and perhaps eating something exotic. No sandwiches or salads for us. That's because Kevin is somewhat adve

Suit, Initiative Planned Against Labor Pact

A group of construction companies plans to haul the Orange County government into court and before the voters over its agreement to use union labor to build the proposed El Toro airport.

David Close Is One of Elite Group of High-End

When it comes to building homes, David Close is pretty close to the top of the pecking order.

Goapply.com Sees Niche Putting Small Insurers on the Internet

Good words coming from James Brakke, one of the founders of an Internet start-up that is jumping into an online insurance brokerage industry already crowded with up-and-running online brokers.

COMMENTS--Job Shortage

Street Journal reported as "a surprisingly strong uptick in employment costs" that "signaled renewed inflationary pressure." The Labor Department's employment cost index rose 1.4% in the first quarter, an acceleration of the fourth quarter's 1% increase a

Spieker Selling

As part of an effort to reallocate capital in the search for better returns, Spieker Properties is marketing its roughly 800,000-square-foot Stadium Plaza Business Park in Anaheim.

OC's Private Restaurant Chains Grew Revenue 10% in '99

Bubba Gump Shrimp Co. was the fastest-growing privately held restaurant chain based in Orange County last year, followed by Johnny Rockets, with 1999 sales up 84% and 32%, respectively.

IAC Taps MBK

Sometimes the best way to get a foot in the door with a Southern California company is to go north.

National InterBank Adds Eugene Fife to Advisory Board

Irvine-based National InterBank has added former Goldman Sachs International chairman Eugene Fife to its advisory board.

Executive Summary

Pinnacle Micro Inc., Rancho Santa Margarita, filed for Chapter 11 bankruptcy and said it is seeking a higher bid for its assets than the offer from Sigma Global Interactive Group, Newport Beach ... St. Joseph Hospital, Orange, laid off 130 employees, abou

AT & T; Wireless IPO Enriches OC Workers

Who says you have to be a dot-com entrepreneur to rake in a few million bucks from an IPO?

Rainforest Caf? Under a Cloud

Rainforest Caf & #233; is in for some stormy weather: jungle fever has been cooling down.

Survey Says.

Sixty-five percent of corporate travel managers believe women are better than men at following travel policy guidelines, making fewer after-ticket changes, booking further in advance and traveling more often in coach class. And 80% report that females mor

Government, Workers Take Bigger Bites From Business

It seems that wherever local employers turn these days, someone is trying to get more money out of them.