Stories for June 2003

Monday, June 30

Heart Device Startup Orqis Raises $25M

Lake Forest heart device developer Orqis Medical Inc. raised $25 million in a third round of venture funding, bringing its total raised to $38 million.

LETTERS

Letters to the editor

REGIME CHANGE - Panic Ouster, Newcomers Remake ICN

Milan Panic,the Costa Mesa drug maker already has undergone one of the most sweeping makeovers Orange County's seen in a while.

INTERIOR DESIGN COMPANIES IN OC

Directory Includes Interior Designers, Plus Architectural Firms With Design Services

Exporters Hope Chilean Trade Deal Leads to Wider Latin America Pact

Orange County companies hoping for freer trade with Latin America are looking to get a slice of it later this year with an expected accord with Chile.

Military Deals Spur Contractor Job Gains

ABOUT THE LIST - A steady diet of military work offset a decline in commercial deals for Orange County's biggest aerospace and defense contractors in the past year.

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

Real Estate Watch: North/Central County

Mild Recovery on Tap for North County. The first quarter in North Orange County was marked by more job losses in the industrial sector and growing concerns over the war with Iraq, even as values surpass previous record highs.

PEOPLE

Orange County Businesspeople in the news, on the move...

FACE-OFF

FileNet Finds IBM Targeting its Software Market; It doesn't worry Costa Mesa software maker FileNet Corp. that IBM Corp. is going after its business.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

RATE SPIKE - Fresh Round of Workers' Comp Hikes Set to Hit This Week

Another round of workers' compensation premium rate increases is due to hit this week, marking the second year in a row that they are rising at midyear.

SPACE UPGRADERS

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Real Estate Deals

This week's postings of Real Estate sales and leases

Angels in the Jardin

VIEWPOINT by Jennie Reiff

Monday, June 23

EXECUTIVE BRIEFCASE - LEGOLAND CALIFORNIA

Review by Michael Lyster

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

Real Estate Watch: West County

Industrial Market Tight in West County

Venture Funding Pulled Back Again in '02

ABOUT THE LIST - Local venture capitalists saw their investments in Orange County startups drop 14% to $91 million in 2002 from a year earlier, according to this week's Business Journal list.

Startups Break Healthcare's Venture Funding Dry Patch

The second quarter's drought of venture funding for healthcare startups broke last week when San Clemente-based Opus Medical Inc. raised $13.6 million in a third-round investment.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry

Monday, June 16

PacifiCare Sees Predictability After Erratic Two Years

Howard Phanstiel, PacifiCare Health Systems Inc.'s chief executive, says the managed care company's business is growing more predictable after a run of up-and-down financial results and earnings surprises in the past two years.

PEOPLE

Orange County Businesspeople in the news, on the move...

Airport Vacancy Rates Improve

The John Wayne Airport area lease vacancy rates improved versus a year ago for all building types

Survey: Companies Support Nonprofits But Budgets Decline

The squeeze is on at nonprofits, though Orange County companies still are giving.

Law Firm Settles Overtime Suit With Keebler

An Orange County Superior Court judge earlier this month signed off on a settlement of a $6.6 million overtime lawsuit against Kellogg Co.'s Keebler Co. brought by Garden Grove-based Gould & Associates.

VIEWPOINT: Law Reform?

Commentary by Ed Sybesma, an attorney with Rutan & Tucker LLP in Costa Mesa

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

Oakley Builds Irish Plant to Keep Close Eye on Prescription Unit

Foothill Ranch-based Oakley Inc. is looking to grow its two-year-old prescription eyeglasses business.

Monday, June 9

A Tale of Three Cities

VIEWPOINT by Sir Eldon Griffiths

Real Estate Watch: Research and Development

Research and Development Work Grinds to Halt

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

PEOPLE

Orange County Businesspeople in the news, on the move...

Stradling Lures Away Oppenheimer Lawyers

Newport Beach's Stradling, Yocca, Carlson & Rauth has boosted its life science practice

Executives Complying With Sarbanes-Oxley, But Say It's Overkill

Overkill for a few bad apples. That's the prevailing view Orange County executives have about the Sarbanes-Oxley Act of 2002, according to a recent Deloitte & Touche Corporate Governance Survey.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry

Monday, June 2

SUMMER DREAMS: Tourism Industry Prepares for a Better Summer; Watching Economy Closely

A beleaguered tourism industry is hoping that falling gas prices and the calming tension in Iraq will boost Orange County visitor numbers this summer.

Quiksilver Tracking Billion-Dollar Year

Huntington Beach-based surfwear maker Quiksilver Inc. is tracking to hit $1 billion in sales this year. Its competitors hope to get caught up in the swell.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry

Real Estate Watch: Manufacturing & Warehouse

Manufacturing and Warehouse Activity Slows

PEOPLE

Orange County Businesspeople in the news, on the move...

Rutan & Tucker Opens 17200 Practice

Costa Mesa-based law firm Rutan & Tucker LLP has formed a practice to defend companies facing lawsuits based on the state's Business and Professions 17200 code, which has gained notoriety in California in the past year.

LETTERS

Letters to the Editor: Frivolous Lawsuits; Gas Prices; Caregiver Benefit;

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases