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May 12 - 18, 2007

Read ALL the Stories in the Weekly Edition

Star Trac No. 3 in Gym Gear; Eyeing Growth
Irvine-based exercise equipment maker Star Trac is No. 3 in its industry

EXECUTIVE SUMMARY
This past week’s news from www.ocbj.com and other sources

First American’s Businesses Split Set to Wrap Up in Q4
Safeco is putting up space for sublease in Aliso Viejo, in the Real Estate column

Browse the complete Table of Contents - stories, charts, and editorial - for the current edition of the Journal

Read this week's featured Special Report articlesl

Updated: 5/15/2008 8:43:16 AM

Muted Reaction to Samueli Resignation on Wall Street
Wall Street reacted mildly Thursday to the resignation of Broadcom Corp. cofounder Henry Samueli as chairman and to his leave of absence as the chipmaker’s technology chief.

SEC Sues Broadcom Founders, Other Past, Current Executives
Former and present Broadcom Corp. executives, including cofounders Henry Samueli and Henry Nicholas, were sued by the Securities and Exchange Commission Wednesday over stock options backdating at the Irvine chipmaker.

Kingston Upped Lead in Memory Modules in 2007
Fountain Valley’s Kingston Technology Co., the biggest maker of memory products, widened its market share last year for sales of circuit boards loaded with memory chips that go into computers.

Advanced Medical: FDA OK's Vision Surgery Laser
Santa Ana-based Advanced Medical Optics Inc. said Wednesday the Food and Drug Administration approved a new laser for use in vision correction surgeries.

Investor: MSC.Software Should Explore Alternatives
A large shareholder in Santa Ana-based MSC.Software Corp. said on Tuesday the maker of industrial simulation software should “explore strategic alternatives”—including a possible sale.

Two Olenicoff Bankers Indicted in Tax Evasion Case
Two bankers employed by Newport Beach-based developer Igor Olenicoff are under criminal indictment for allegedly helping the Olen Properties Corp. founder and president hide assets and evade taxes, according to reports.

Valeant Up on Epilepsy Drug Results
Shares of Valeant Pharmaceuticals International closed up 5.5% on Tuesday on positive trial results for retigabine, an anti-epilepsy drug.

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9-year-old girl's twin is found inside her stomach

Michigan Girl Scout sells 17,328 boxes of cookies

Lakers beat Jazz to edge closer to conference finals

Marisa Miller heads Maxim's Hot 100 list

China says quake toll could rise above 50,000

Rough economy cuts into pay for U.S. CEOs: study

Icahn to Fight Yahoo to Accept Microsoft Bid
Financier Carl Icahn on Thursday launched a proxy battle to force Yahoo Inc. to reopen buyout talks with Microsoft Corp., saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer.

CBS to Buy Web Publisher CNET
CBS Corp. said on Thursday it would buy web media company CNET Networks Inc. for about $1.8 billion to boost the television broadcaster's reach across the Internet.

Jobless Claims Rise 6,000 in Latest Week
The number of workers filing claims for initial jobless benefits rose by 6,000 in the latest week while the number on benefit rolls after a first week of aid hit a four-year high, a government report showed on Thursday.

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