Stories for November 2011

Wednesday, November 30

OCBJ, Cal State Fullerton Honor Family Owned Businesses

What do hardware, healthy food, patio furniture, literature and liquor have in common? Those are the business lines of the five honorees at the 12th annual Family Owned

Independence Bank Opens Tustin Office

Newport Beach-based Independence Bank opened its fourth branch in Tustin today.

Tuesday, November 29

AcuFocus Gets $65M Funding

Irvine eye device maker AcuFocus Inc. said today it closed a $65 million investment.

WD Shares Up on Fee Waiver for Thai Operations

Shares of Irvine-based disk drive maker Western Digital Corp. rose Tuesday after the Thai government said it would waive import fees on some products to help companies in the region affected by widespread flooding and related damage.

Monday, November 28

Apparel Companies’ Shares Mixed After Strong Start to Holiday Sales

Local apparel companies’ stocks were mixed Monday in New York midday trading following reports of strong national sales after the Thanksgiving holiday.

Sunday, November 27

Anna’s New I.E. Distribution Hub Key to Growth Plan

RETAIL: 410,000 SF center cuts delivery times, backs online sales

Anna's Linens Inc. hires logistics company to operate new 410,000-square-foot distribution center

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$6.1 Million, Thousand Steps in South Laguna Deal

Abel-Designed Home Has Verdant Hues Inside, Out

"Greenstone" home goes for $6.1 million in South Laguna, in Luxury Homes

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AIG Affiliate Acquires Plant After Property’s Foreclosure

REAL ESTATE: St. John Knits vacated building earlier in year

AIG affiliate acquires Irvine building after property's foreclosure

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Par Finishes Anchen Buy in Advance of Generic Wave

8 of Top 20 Sellers to Lose Patent Protection Next Year

Par Pharmaceutical Cos. closes $410 million deal for Irvine-based generic drug maker Anchen Pharmaceuticals Inc., in Healthcare

Tool Helps Design Data-Rich, Interactive Digital Ads Also Maintains Consumer Search Engines

New tool from Irvine-based Corp. could help businesses step up game in local advertising, in Media and Marketing

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Luxor Takes Lead for Creditors in Lyon Homes Plan

Hedge Fund Also Was Part of Cal Coast’s Sticky BK

Luxor leads creditors group in Lyon Homes reorganization, in Real Estate

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Power Balance Tilts Toward $6M Sale

MARKETING: Buyer has ties to company’s exclusive supplier

Laguna Niguel-based Power Balance LLC seeks bankruptcy sale to supplier

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O’Melveny’s Newest Partner Brings SEC Savvy

LAW: Peterson rejoins law firm after 14 years of in-house work

O'Melveny & Myers LLP's newest partner Mark Peterson brings SEC savvy

Powerwave Trims Jobs Amid Sales Crunch

TECHNOLOGY: Slowdown on AT&T spending latest hurdle

Cash-strapped Powerwave Technologies Inc. plans to cut about 110 employees companywide

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CALENDAR - November 29-December 7, 2011

A listing of events happening all around Orange County. November 29-December 7, 2011

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UCI Professor on Stem Cells: Geron Move No Back–Breaker

HEALTHCARE: Keirstead plows forward

UCI professor on stem cells: Geron move no back-breaker

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Low-Rise Office Trends Higher

Orange County office market continued progress in third quarter. Includes Real Estate Watch industry performance charts.

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VC Holds Own Here Despite Mixed View of Carpetbaggers

FINANCE: Angels see gap to fill in early stages

VC holds own here despite mixed views.


Sales and leases of offices, industrial buildings, retail space and apartments

JWA Expansion: Economic Jet Fuel for Orange County


Commentary: JWA Expansion: economic jet fuel for Orange County

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Ron’s Revolution

Simon Brings Manufacturer’s Mindset to Custom Infill

Ron’s Revolution: Simon brings manufacturer’s mindset to infill

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Biggest Employers Add Jobs

ECONOMY: 50 combine to end 2-year streak of cuts

Biggest employers add workers. Includes the 2011 OC's 50 LARGEST EMPLOYERS list for download (pdf)

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MARKET WATCH - November 28, 2011

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

Ingram’s Long View: $42B

TECHNOLOGY: Emerging tech, markets key to plan

Ingram Micro Inc. is placing big bets on emerging markets and technologies to grow the Santa Ana-based company over the next four years

Diocese’s Cathedral Win Called ‘Miracle;’ Forgotten Kingmaker

OC INSIDER Column by Rick Reiff

ADDENDUM - November 28, 2011

Other items of interest Orange County Business Journal

Cox Joins Newport Board, Brings Global Connections

Laser Maker Touts Ex-SEC Head’s Markets Expertise

Former SEC Commissioner Christopher Cox joins board of Irvine-based laser maker Newport Corp., in Technology

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Fountain Valley Grows Into Bariatric Surgery Center

HEALTHCARE: Accounts for more than half at OC hospitals

Report shows two Fountain Valley hospitals have become centers of weight-loss surgery in Orange County

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Recent Investor Gets Seat on Pacific Mercantile Board

FINANCE: More new members expected after next stock sale

Pacific Mercantile Bancorp names representative of one of its new investors to board of directors

Friday, November 25

Cox Joins Newport Corp. Board

Former Securities and Exchange Commissioner Christopher Cox has joined the board of Irvine-based laser maker Newport Corp.

Wednesday, November 23

EPA Lifts Restriction on American Vanguard Fungicide

Newport Beach-based specialty chemical maker American Vanguard Corp. is cleared to bring a fungicide product line back to the market.

Monday, November 21

Western Digital To Challenge $525M Arbitration Ruling

Western Digital Corp. plans to challenge a $52-million ruling recently rendered by arbitrators against the Irvine-based disk drive maker for “misappropriation of confidential information and trade secrets.”

New Director for Pacific Mercantile

Costa Mesa-based Pacific Mercantile Bancorp appointed a representative of one of its new investors to its board of directors.

Sunday, November 20

ABCs of IBC: Apartment Buys Coming

REAL ESTATE: Kilroy could fetch $30M for 9.1-acre parcel

ABCs of IBC: Apartment Buys Coming

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Sales and leases of offices, industrial buildings, retail space and apartments

Private Equity’s Place

Small Size, Busy “Backyard” Seen as OC Virtue

Private Equity’s Place: a look at firms here

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Holiday Hook: Digital Appeal, Fresh Merchandise

RETAIL: Malls optimistic about new marketing methods, retailers

Malls optimistic on new marketing methods, retailers

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Thai Floods Put Western Digital Rank in Jeopardy

TECHNOLOGY: Big drop in shipments, loss seen for Q4

Irvine-based Western Digital Corp. could lose title as world’s largest disk drive maker

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Applied Knocks Investor-Driven IPO

HEALTHCARE: No proceeds for company; timing concerns

Applied Medical Corp. knocks IPO proposal driven by investor

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Not-So-Fat Lady Will Sing; New Bren Baby

OC INSIDER Column by Rick Reiff

Suzuki Hopes U.S. Consumers Will OK ‘Kei’ Cars

MARKETING: Automaker counts on survey to gauge interest

Suzuki hopes U.S. consumers will OK "Kei" cars

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$1B Etihad Contract is Music to Panasonic Avionics’ Ears

AEROSPACE: Airline to use entertainment systems in fleet

$1 billion contract is music to Panasonic Avionics' ears

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Lantronix Announces Job Cuts to Bolster Cash Flow

TECHNOLOGY: Shifts some production back to California

Irvine-based networking gear maker Lantronix Inc. to eliminate about a dozen positions

Alliance Lays Out Recovery Plans, Seeks $25M in Cuts

HEALTHCARE: Turnaround bid focuses on retentions, new centers

Alliance HealthCare Services Inc. lays out recovery plans, seeks $25 million in cuts

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DiOrio Joins Business Journal as Managing Editor

MEDIA: Arrives from recent duty at Hollywood trade pub

Carl DiOrio joins the Orange County Business Journal as managing editor

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Hyundai’s New Marketing Tune: Grammy Sponsorship Deal

AUTOMOTIVE: Documentary aimed at digitally savvy Gen Y

Costa Mesa-based Hyundai Motor America Inc. looks for face time with hip, digitally savvy drivers

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Clean Energy Shares Rise on Senate Bill

CLEAN TECH: Company signs deal with Mid-Atlantic stations

Shares of Seal Beach-based Clean Energy Fuels Corp. rise on bill introduced in U.S. Senate

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Chapman Gala Nets $2 Million for College Scholarships

Wylie and Bette Aitken Donate $2M for Center

PHILANTHROPY Column by Sherri Cruz

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ADDENDUM - November 21, 2011

Other items of interest Orange County Business Journal

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CALENDAR - November 22-30, 2011

A listing of events happening all around Orange County. November 22-30, 2011

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MARKET WATCH - November 21, 2011

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

Giveaways Drive Yokohama Tire’s Auto Show Strategy

Social Media Promos Help Fuel Show Booth Traffic

Giveaways drive Yokohama Tire Corp.'s auto show strategy, in Media and Marketing

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Senators Quiz HMOs, Labs on Referrals-for-Discounts

Medicaid Regulations Ban ‘Pull-Through’ Practices

Senators quiz HMOs, Labs on referrals-for-discounts, in Healthcare

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Olson in Deal to Sell Marriott in North San Diego

REIT offers $30.5M for Oceanside Property

R.D. Olson Development in deal to sell Marriott in north San Diego, in Real Estate

Quest Part of $3.9M Funding Round for Mavenlink

Madden Also Backs Project Software Maker

Quest part of $3.9 million funding round for Mavenlink, in Technology

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Letters to The Editor

Commentary: Recession as Role Model; Another Comment on Crystal Cathedral

Playing the Field: Where LBA, Other Players Fit

Everyone Knows Irvine Company Tops Office Market—Here’s a Look at the Rest

Playing the field: Where LBA and other players fit

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More Vacancies, Lower Lease Rates Reflect Uncertain Consumers


Retail sales have generally been on the rise since the recession ended in 2009, but the stubbornly high unemployment rate and speculation about a double-dip recession continue to get headlines and chip away at consumer confidence.

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Premium Offices Go on Sales Block Amid Choppy Market Conditions

Some debt-laden properties in mix; buyers eye lingering economic uncertainty

Orange County’s office market could see a busy stretch of investment-driven sales through year’s end

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Retailer’s Distribution Center Exception to Rule for Industrial

The office market in Orange County has made strides this year, with sufficient improvement to spark some new construction.

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Industrial Momentum: Hike in Average Lease Rate Ends 4-Year Slide


Orange County’s industrial market regained some momentum in the third quarter after a relatively quiet first half of the year.

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Office Market Holds Steady, Hangs Onto First-Half Gains


OFFICE MARKET: The Orange County office market remained relatively steady during the third quarter on the heels of a strong first half of the year.

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Chipmakers Combine for 7.4% Jump in Local Employment

Acquisitive Broadcom tops list again amid mobile-tech demand

Chipmakers combine for 7.4% jump in local employment. Includes the 2011 OC's LARGEST CHIPMAKERS list for download (pdf)

Chula Vista Bank Plans HQ Shift to Irvine

FINANCE: Pac Trust also due for Santa Ana office in Gateway deal

First Pactrust Bancorp Inc. plans headquarters shift to Irvine

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Friday, November 18

Small Decline on Jobless Rate

The unemployment rate fell slightly last month as Orange County added 14,300 nonfarm jobs across different industries compared with a month earlier.

Gross Gives Views on Economy, Europe, White House

Pacific Investment Management Co. cofounder and co-Chief Investment Officer Bill Gross recently sounded off on the U.S. economy, Europe’s financial crises and presidential politics.

Par Completes Anchen Buy

Par Pharmaceutical Companies Inc. said that it closed its $410 million deal for Irvine-based generic drug maker Anchen Pharmaceuticals Inc.

Thursday, November 17

Wet Seal Lowers Outlook for Current Quarter

Foothill Ranch-based teen retailer Wet Seal Inc. issued a revenue forecast below Wall Street analyst expectations for the current quarter, which includes the holiday sales season.

Tuesday, November 15

Device Maker Applied Medical Files for IPO

Rancho Santa Margarita-based device maker Applied Medical Corp. has filed plans to raise up to $95 million in a public offering.

Clean Energy Shares Jump on Senate Bill

Shares of Seal Beach-based Clean Energy Fuels Corp. rose sharply Tuesday after a Senate bill was introduced that would provide tax credits for vehicles that run on natural gas.

Mission Hospital Names McFarland CEO

Orange-based St. Joseph Health System said today that it has named Kenneth McFarland chief executive of Mission Hospital in Mission Viejo, succeeding longtime leader Peter Bastone.

Pacific Mercantile Swings to Q3 Profit

Costa Mesa-based Pacific Mercantile Bancorp Inc. posted a profit for the third-straight quarter.

Monday, November 14

Chula Vista Bank Plans Move to Irvine

Chula Vista-based First PacTrust Bancorp Inc. plans to relocate its headquarters to Irvine, a move that would place its subsidiary Pacific Trust Bank among the largest commercial banks based in Orange County.

Air Lease Corp to Sell Convertible Debt

Air Lease Corp. announced plans to sell $300 million in convertible senior notes, proceeds of which be used to buy aircraft and for general corporate purposes.

Sunday, November 13

Southwest Plans JWA-Mexico Routes on AirTran

Southwest Airlines plans to begin service between John Wayne Airport and two cities in Mexico in June through its recently acquired AirTran subsidiary.


High-Rise Office Market Slows Down

Orange County's high-rise office market slows down

PathCentral Sees Big Potential in Small Customers

HEALTHCARE: Software aims to compete with pathology labs

Irvine-based PathCentral aims to keep independent pathologists "in the game"

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Grubb Gives Up Healthcare REIT

REAL ESTATE: Newly formed company in N.B. now co-sponsor

Grubb & Ellis Co. exiting another line of business as speculation continues to swirl over its future

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Editor’s Notebook

Bishop Brown Should Stand Down on Crystal Cathedral Bid

Bishop Brown should stand down on Crystal Cathedral bid

Where They Stand

Still in Recession? Fighting Through Hangover? Depends on Which Banker You Ask

Where do they stand? Bankers give their take in Q&A

ADDENDUM - November 14, 2011

Other items of interest Orange County Business Journal

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By the Numbers - Credit Unions

OC credit unions, in By the Numbers

By the Numbers - Banks

Orange County banks, in By the Numbers

MARKET WATCH - November 14, 2011

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

Renewable Fuels Specialist BlueFire Starts Sugar Subsidiary in Anaheim

ENERGY: Renewable fuels specialist BlueFire starts sugar subsidiary in Anaheim

Machine Maker Grows in North OC

MANUFACTURING: Amada plans expansion, hires at Brea plant

Buena Park-based Amada North America is set to increase its sizeable North County presence.

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SchoolsFirst’s Growth Lifts Local Credit Unions

Santa Ana organization leads on assets, net income and jobs

ABOUT THE LIST: SchoolsFirst's growth lifts local credit unions. Includes the 2011 OC's LARGEST CREDIT UNIONS list for download (pdf)

Blizzard Sees Dip in Subscriptions for Flagship Game

TECHNOLOGY: Third-quarter sales, profits down sharply

Blizzard Entertainment Inc. sees revenue, operating profits drop in the third quarter

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Credit Unions Take Long View on Discord

FINANCE: “Bank Transfer Day” brings spike, marketing ongoing

Credit unions take long view on chance to win bank customers.

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Acquisitions Drive Big Gains on Assets, Jobs for Banks Here

Opus moves into top spot with buys in North OC, Washington

ABOUT THE LIST: The largest commercial banks based in Orange County grew assets by 26%. Includes the 2011 OC's LARGEST COMMERCIAL BANKS list for download (pdf)

CALENDAR - November 15-22, 2011

A listing of events happening all around Orange County. November 15-22, 2011

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UCI Incubator’s Aim: More Medical Devices

HEALTHCARE: Royalties in mix for project at Med Center

UC Irvine incubator looks to foster more medical devices

LehmanMillet Confident in New Conceptus Campaign

Single Message Tailored for Various Audiences

Confidence is theme of new ad campaign for Conceptus Inc.'s permanent contraceptive, in Media and Marketing

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Former Lantronix CFO to Same Post at BlueCava

TECHNOLOGY: Sakai’s arrival follows $9.5M round of funding

Former Lantronix Inc. executive lands CFO job at BlueCava Inc.

Retail Center Facelift Latest Change Along H.B. Corridor

Watt Puts $20 Million Into New Look, Expansions

Watt Commercial Properties kicks off $20M overhaul of Huntington Beach shopping center, in Real Estate

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Expenses on Dendreon Job Cuts Hit Margin Hard

Shares Dive; Competitors Seen; Analysts Pile On

Tough times continue for biotech company Dendreon Corp., in Healthcare

Allergan Plans New R&D Center in New Jersey

HEALTHCARE: Facility would employ 400; OC still growing

Drug maker Allergan Inc. goes east for research and development center

Shady Canyon Deal: 3 Visits, $8.9 Million in Cash

View, Room for Cars Help, Seller Seeks Place on Coast

Shady Canyon deal: three visits, $8.9 million in cash, in Luxury Homes

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Lyon Homes Says Profits in Sight

REAL ESTATE: Builder’s restructuring needs court OK

William Lyon Homes hopes restructuring plan will put it in position to more than triple revenue, return to profitability

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Sales and leases of offices, industrial buildings, retail space and apartments

Chinese Influx to OC? The New 'Two Californias'

OC INSIDER Column by Rick Reiff

Visitor Bureau Re-Invests Extra Room Fees

HOTELS: Special tourism districts fuel marketing boost

Visitor bureau re-invests extra room fees

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Holiday Stakes

Turnaround Talk to Get Test at Wet Seal, PacSun

Turnaround talk set to get year-end test at Wet Seal, PacSun Sunwear

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Engineering Consultant Consolidates Three Local Offices

REAL ESTATE: Amec shifts to University Research Park

Engineering consultant Amec to consolidate local offices with move to Irvine

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The Man Behind TowerJazz’s Drive to $1B in Revenue

TECHNOLOGY: Ellwanger talks leadership, growth plans

Customers, suppliers, employees learn more about principles that guide Tower Semiconductor chief exec

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ARB Helps Primoris to Record Third Quarter

ARB Inc. helps parent company Primoris reach record revenue and earnings in Q3 Nears Break-Even After Year in the Red

Company will continue “appropriate investments”

Irvine-based nears break-even after year in the red, in Technology

Cobham Lands $72M in Contracts for Huntington Beach Unit

AEROSPACE: U.K. company re-ups with Navy on antennas

Cobham lands $72 million in contracts for Huntington Beach unit

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Friday, November 11

Supervisors Approve JWA Incentives on Mexico Service

The Orange County Board of Supervisors approved an incentive program earlier this week that could help John Wayne Airport attract airlines to provide service to Mexico.

Thursday, November 10

Microsemi: Thailand Flood to Hit Earnings This Quarter

Shares of Microsemi Corp. fell Thursday in extended trading after the Aliso Viejo chipmaker provided a profit outlook in the current quarter below Wall Street expectations amid ongoing concerns of its Thailand operations.

BlueFire Launches Sugar-Making Subsidiary in Anaheim

Irvine-based renewable fuels maker BlueFire Renewables Inc. has launched a subsidiary called SucreSource LLC to produce cellulosic sugars for commercial use and to supply other biofuels companies.

Wednesday, November 9

Blizzard Sales, Profits Down; Subscriptions for Flagship Game Drop

Irvine-based online game maker Blizzard Entertainment Inc. saw revenue and operating profits drop in the third quarter as its flagship franchise World of Warcraft lost about 800,000 subscribers.

Tuesday, November 8

Alter Retires as Sunstone Chair, Takes Emeritus Title

The executive chairman and founder of Aliso Viejo-based hotel owner Sunstone Hotel Investors Inc. announced his retirement Monday.

Irvine Sensors Changes Name

Costa Mesa-based Irvine Sensors Corp. has changed its name to ISC8 in a rebranding effort.

Monday, November 7

Cobham’s Huntington Beach Unit Inks $72M in Contracts

The recently acquired Huntington Beach unit of U.K.-based aerospace manufacturer Cobham PLC has landed two contracts worth $72 million to make specialized military antennas.

Telogis Buys Insurance Specialist

Logistics software maker Telogis Inc. has acquired the analytics and fleet management business of Connecticut-based UTC Fire & Security.

Sullen HQ to Los Alamitos

Clothing maker Sullen Clothing Inc. will move its headquarters from Huntington Beach to Los Alamitos, where it has signed a lease deal that doubles its space.

Sunday, November 6

REAL ESTATE DEALS - November 7, 2011

Sales and leases of offices, industrial buildings, retail space and apartments

Sabal Financial Gets Portfolios From FDIC, Bank in Oregon

FINANCE: Distressed-asset specialist now at about $3B

Sabal Financial Group in Newport Beach gets portfolios from FDIC, bank in Oregon

Healthcare Software Company Adds Consultancy, New Name

HEALTHCARE: CentraMed aims to help hospitals collect

Recently formed CentraMed Inc. in Irvine aims to help hospitals collect what they’re owed

Edwards Ready to Roll on Sapien Sales

HEALTHCARE: Marketing starts day after FDA approval

Irvine-based Edwards Lifesciences Corp. ready to roll on Sapien heart valve now that FDA has approved sales here

$385M for TV Stations Brings New View of Freedom

MEDIA: Debt-free company will consider offers on newspapers

$385 million for television stations brings new view for Irvine-based Freedom Communications Inc.

Reporter’s Notebook

Thoughts on Planned Cities of Columbia, Irvine

Business Journal reporter Mark Mueller offers a different view on master-planned cities

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New Dean Sets Out to Re-Engineer UCI’s Samueli School

EDUCATION: Puts three-pronged plan behind bid to bolster ties with local industries

New dean Greg Washington sets out to re-engineer UC Irvine’s Samueli School

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Fog Starts to Clear for Marblehead

REAL ESTATE: SunCal deal with Lehman points to sale

Coastal fog starts to clear on Marblehead as SunCal, Lehman come to an agreement

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Avanir Seeks Approval for Nuedexta Sales in Europe

HEALTHCARE: Sales nearly double; trials for new drug set

Aliso Viejo-based Avanir Pharmaceuticals Inc. seeks approval for Nuedexta sales in Europe

PC Wiz Targets Conference Room; Nixon Chapter Ends

OC INSIDER Column by Rick Reiff

JWA Looks to Ante Up on Mexico Flights

TRANSPORTATION: Seeks $300,000 incentive packages

JWA looks to ante up on Mexico flights, seeks OK for $300,000 incentive packages

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St. Jude Starts $285M Project

Lower Material Prices Shave Cost of 200,000 SF Tower

St. Jude Medical Center in Fullerton starts work on a $285 million patient tower

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Irvine Company Plans Office Campus in Silicon Valley

Follows Buy in Sunnyvale; Apartments in San Jose?

Irvine Company makes acquisition, development push in Silicon Valley, in Real Estate

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Irvine Incubation Center Gets Shut-Down Notice

Irvine Chamber Pulls Sole Sponsorship, Cites Losses

Irvine Incubation Center; Microsemi Plant Closures; Acquisitions; in the Technology Column

Olen Properties in Cash Deal for Mission Viejo Business Park

REAL ESTATE: 146,000 SF of office, warehouse assessed at $10M

Newport Beach-based Olen Properties Corp. snaps up business park in Mission Viejo

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Riviera Gone, Maybe Not for Long; Amelia’s Hits 50

Change at Hilton Anaheim; Mayur Cuisine is a ‘Gem’

Fifi Chao: Mayur Cuisine a “gem,” Riviera gone—but maybe not for long, in Executive Dining

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CoreLogic’s Case: Costs Down, Profits Up

REAL ESTATE: Sale of company still on table; 5% jobs cut ahead

CoreLogic Inc. appears to be making strides toward becoming a more attractive takeover candidate

Telecom Companies Continue Downward Trend on Local Jobs

Telecom Companies Continue Downward Trend on Local Jobs

Telecommunication companies continue downward trend on local jobs. Includes the 2011 OC's LARGEST TELECOMMUNICATIONS COS list for download (pdf)

Toshiba Medical Donates Diagnostic System in Kenya

CT Scanner First in Area; Saves Patients 8-hour Trip

PHILANTHROPY Column by Sherri Cruz

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ADDENDUM - November 7, 2011

Other items of interest Orange County Business Journal

Other news items of interest from the Orange County Business Journal

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Bigger A

Anaheim Passes Santa Ana in Population

Anaheim claims title as Orange County’s most populous city, ends Santa Ana’s historic hold. Includes the 2011 OC's CITIES list for download (pdf)

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CALENDAR - November 8-15, 2011

A listing of events happening all around Orange County. November 8-15, 2011

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MARKET WATCH - November 7, 2011

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

Asics America Hires New Agency to Push Fashion Brand

Pitch Inc. Signs for Year; Campaign Debuts in 2012

Irvine-based Asics America Corp. hires new agency to push fashion brand, in Media and Marketing

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No Sign of Worry Lines on European Sales of Botox

Implants, Facial Filler Also Strong Over There

Use Allergan Inc.’s Botox grows in Europe despite continent’s sovereign debt crisis, austerity measures, in Healthcare

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Office Stays Slow, Industrial Levels Off

Greater Los Angeles office market continues to face challenges despite some positive signs in third quarter. Includes Real Estate Watch industry performance charts.

Friday, November 4

William Lyon Homes Announces Recapitalization Plan

Newport Beach’s William Lyon Homes said on Friday it had made progress on a major restructuring plan that could result in an $85 million cash infusion for the under-fire homebuilder.

Stevenson Promoted to COO at Quiksilver

Huntington Beach-based Quiksilver Inc. has promoted Craig Stevenson to chief operating officer.

Red Digital Unveils Specs, Ship Dates for Scarlet Camera

The wait is over for Irvine-based Red Digital Cinema Camera Co.’s long-awaited Scarlet-X camera.

M-Flex Shares Sink on Q4 Earnings, Downgrades

Shares of Multi-Fineline Electronix Inc. continued to fall Friday, a day after the Anaheim-based company reported revenue and profits for the recently ended quarter that missed Wall Street expectations and provided a sales outlook for the current quarter that is below estimates.

Thursday, November 3

SRS Misses Q3 Targets; Lowers Sales Outlook

Santa Ana-based SRS Labs Inc. on Thursday reported third-quarter revenue and profits that missed Wall Street estimates and lowered its sales outlook for the remainder of the year.

Quest Beats Revenue, Profit Targets in Q3

Aliso Viejo-based Quest Software Inc. on Thursday reported third-quarter revenue and adjusted profits that beat Wall Street expectations.

Wet Seal Shares Slide on Rugged Q3

A budding turnaround at Wet Seal Inc. took a turn today when the Foothill Ranch-based apparel retailer reported disappointing third-quarter results dragged down by a particularly weak October.

Wednesday, November 2

FDA Approves Edwards Sapien Heart Valve

Irvine-based Edwards Lifesciences Corp. said today that the Food and Drug Administration has approved its Edwards Sapien less-invasive heart valve.

Register Parent Strikes Deal to Sell TV Stations

Irvine-based Freedom Communications Inc. has agreed to sell its eight television stations to Hunt Valley, Maryland-based Sinclair Broadcast Group Inc. for $385 million.

Hyundai, Kia Lead October Sales for Local Automakers

Record October sales by Orange County’s two largest automakers once again led the local industry amid continued improvements nationwide.

Tuesday, November 1

Powerwave’s Troubles Reflected in Q3 Earnings

Powerwave Technologies Inc.’s recent troubles were outlined in more detail Tuesday after the Santa Ana-based company reported disappointing third quarter earnings.

New EVP, Bond Fund for Pimco

Newport Beach-based Pacific Investment Management Co. has hired a new executive vice president to oversee emerging markets funds.

Opus Closes Deal for Fullerton Community Bank

Irvine-based Opus Bank today completed its acquisition of RMG Capital Corp. and its subsidiary Fullerton Community Bank.