Incubator Deal Falls
Through; IT-Temp
Queen Taking Break
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 away from the corporate grind, at least for awhile. Mary Ellen Weaver told Sandi Cain she’ll resign as regional VP of Compuware Corp. next month, one year after she sold her publicly traded IT staffing firm, Data Processing Resources Corp., to the Michigan-based systems software company. The deal was valued at $468 million; Weaver’s take was about $51 million while LA Mayor and VCer Richard Riordan, an early backer, got $24 million (deduced from filings). A former speech therapist who co-founded DPR in 1985, Weaver said she didn’t want to keep up the corporate travel; she’ll have more time with her two young kids, too. “I’m going to take the summer off and then work part-time as a consultant to the company.” She’s earned the right. Here’s a gal who did an IPO roadshow while she was six months pregnant The grassroots organizing for the school choice/voucher initiative sponsored by Silicon Valley VCer Tim Draper will be based in OC, headed up by local consultant Jim Camp. Other key OCers in the effort include Curt Pringle and Mark Bucher. The campaign has turned in 1.1 million signatures, making it likely for the November ballot. A similar issue got clobbered in 1993, but this time, backers say, they’re better prepared, with $30 million to match the massive war chest of the California Teachers Association Wedding bells: Anton Segerstrom’s big day with sales VP Jennifer Gracey is set for this week (May 13) … And while we’re sighting downed bachelors, ad whiz Jim deYong, of the original dGWB, went through with it, marrying Jamie Dawson April 22 at the Surf & Sand in Laguna Beach. The ceremony was performed by deYong’s old partner, Dan Ginsberg, who was specially deputized for the occasion. Ginsberg had deYong, Dutch by ethnicity and Methodist by upbringing, observe the Jewish good luck tradition of crushing a glass beneath his heel So far this year, the Insider hears, the Irvine Co. has sold 10 custom lots on Newport Coast, average price of $2.7 million Gloating rights: Murray Rudin, who is Riordan, Lewis & Haden’s man in OC, noting his VC firm’s long-standing aversion to dot-com investments, in light of the recent stock market sell-off: “We’re not looking so dumb now”
