TECHNOLOGY
Rainbow Technologies Inc. cut 65 jobs at its Irvine headquarters, about 20% of its North American work force QLogic Corp., Aliso Viejo, said its fiscal second-quarter sales will fall short of estimates and its share price dropped 15% to 34.44 on the news A federal administrative law judge ruled that some products of Irvine-based Broadcom Corp. violate two patents held by Intel Corp. Thomas Madden was named chief financial officer of Ingram Micro Inc., Santa Ana, replacing Michael Grainger, who was promoted to president and chief operating officer in January Impco Technologies Inc.’s Irvine-based Quantum Technologies unit won contracts from General Motors to design and develop fuel-storage systems for the automaker’s planned fuel-cell vehicles Datalogic Consulting Inc., Garden Grove, began trading over-the-counter under the symbol DLGI Ceradyne Inc., Costa Mesa, opened an office in Detroit.
HEALTHCARE
Sicor Inc., Irvine, acquired Lithuania-based Biotechna U.A.B. for $68.5 million plus warrants Apria Healthcare Group Inc., Costa Mesa, refinanced $400 million in debt and will take a related $1.6 million third-quarter charge Innovative Diagnostics Inc., San Clemente, was acquired by Apogent Technologies Inc., Portsmouth, N.H. ColorMax Technologies Inc., Tustin, said its directors had resigned and it disconnected its telephone number PacifiCare Health Systems Inc., Santa Ana, received regulatory approval to sell Medicare supplemental insurance policies in California and Arizona John V. Cracchiolo was named chief operating officer and chief financial officer of Irvine-based Endocare Inc. Q-Med Inc., Laurence Harbor, N.J., filed a patent-infringement suit against LifeMasters Supported SelfCare Inc., Irvine.
GOVERNMENT
President Bush nominated former OC supervisor Gaddi Vasquez to head the Peace Corps The Orange County Fire Authority board approved plans for a $50 million headquarters, emergency call center and training facility at Jamboree and Tustin Ranch roads in Irvine The Board of Supervisors voted to put on the March 5 ballot a measure to make OC a charter county with board vacancies filled by special election rather than appointment by the governor A Cal State Fullerton survey found 53% of OC respondents opposed to the El Toro airport plan and 47% in favor, compared with 59%-to-41% against in the 2000 survey Federal regulators are investigating whether Laguna Hills-based KTBA Inc. violated minimum-wage, overtime and child-labor laws Jerry C. Gross was named superintendent of the Saddleback Valley Unified School District.
REAL ESTATE
Headlands Reserve LLC and Dana Point agreed on a development plan for the coastal Headlands site that includes 125 homes, a 65-room hotel, 40,000 square feet of commercial space and five parks linked by greenbelts.
WHAT ELSE IS NEWS
South Coast Repertory broke ground on a 336-seat third theater in Costa Mesa scheduled to open in the fall Buena Park Honda was acquired by Sonic Automotive, Charlotte, N.C. Knott’s Berry Farm, Buena Park, plans to add a bungee-jump-type ride by the end of the summer Hall & Forman, Santa Ana, acquired Chatsworth-based PACE Engineering T.G.I. Friday’s, Dallas, sued Anaheim-based CKE Restaurants Inc. to stop an ad campaign that touts a Carl’s Jr. $3.25 burger as equivalent to “the burger I just paid $6.25 for at Friday’s” Irvine-based Freedom Communications Inc. named OC Register Publisher N. Christian Anderson to head a new metro newspaper division A fire injured a graduate student and two firefighters and damaged a lab in UCI’s Reines Hall Attorney William W. Stewart of Newport Beach and his wife were arrested for allegedly helping launder $175,000 in drug money Daniel C. King was named general manager of the Westin South Coast Plaza hotel in Costa Mesa The OC Museum of Art named Irene E. Hoffmann curator of contemporary art.
