On Thursday, Irvine-based Allergan Inc., which is into making Botox, medical cosmetic products and other drugs, announced its Q3 profits which equaled Wall Street’s estimates. This gave a very positive outlook for the current quarter. Sales of the third quarter were reported at $1.13 billion, which is 4% more from the previous year. Analysts had been hoping for sales of $1.08 billion.

Sales of Botox also saw an increase of 3% from the previous year amounting to $328 million. In the previous quarter, the sales volume of Botox was low due to the decline in cosmetic procedures in the period of downturn. Sales of medical cosmetics were low by 11% from the previous year at $187 million and sales of eye drug rose to $535 million, i.e., 5% high from the past year.

The future profits for the current quarter are expected at $229.5 million to $235.6 million delivering revenue of $1.11 billion to $1.16 billion. Analysts on Wall Street were expecting a similar kind of estimate of sales at $1.10 million and revenue of $229.5 million from Allergan Inc.

On Thursday, the largest distributor of technology products and consumer electronics, Ingram Micro Inc., which is a Santa Ana based company, has released its third quarter reports. Though the results were low as compared to the previous year, but they were ahead of Wall Street’s estimates.

The sales were down form the past year at $7.38 billion but were above the estimates of Wall Street of $6.65 billion. The profits were reported at approximately $47 million, again above the analyst’s expectations. A total of $42 million were reported as earnings of Ingram that included the charges as well.

Greg Spierkel, who is the Chief Executive of Ingram, offered a marginally positive outlook for the current quarter. He said that, “We anticipate year-over-year sales declines to be reduced to single-digit percentages, aided by improving demand and our emphasis on a better customer engagement”. This indicates that he is very optimistic about the future and aims for better recovery.

“Careful control of operating expenses” is what the company has decided to pursue and it is also going to include two programs of cost cutting by the end of this year. This will mark additional savings of $140 million on a yearly basis for the company. A sum of $70 million is expected in profits with sales of around $7.54 billion by the analysts on Wall Street. In after hours trading, the company’s shares reached a market value of about $3 million.

In a move to save $20 million to $25 million per year, Microsemi has decided to shut down its Arizona plant. By the year 2011, Microsemi is also planning to close down its plant in Scottsdale. This is being done in order to lower down the production of chips and cut down the costs for the same.

The Irvine based company is into making chips that are highly reliable and dependable. These chips are designed for those devices which have to work out even in extreme conditions and in case it fails to be executed properly, the cost of damage comes out to be very high. The plant is expected to close in the next 18 months and charges for severance and other costs are expected to come to around $24 million to $26 million, excluding an additional cost of $3 million.

Medical devices, satellites and industrial machinery are a few such devices where these chips are utilized. These chips help in regulating electrical power in computer products, medical devices, telecommunication gear and aerospace products. The work that has already been done in Scottsdale is expected to be shifted across its other plants. Microsemi had thought about closing another plant in Ireland in the year 2005, but afterwards had let it remain open. The shifting work of its plants including Scottsdale would be carried out in this plant only.

Coastal Communities Inc., which is an Irvine-based homebuilder developer, has opted for bankruptcy. The company was widely known and famous for its Brightwater project in Huntington Beach. On Tuesday, Chapter 11 reorganization was filed by Coastal in the Santa Ana division of the U.S. Bankruptcy Court. Including Hearthside Homes Inc. and Signal Landmark subsidiaries it’s eight more affiliates too, filed for protection from bankruptcy.

The company has listed a petition of assets and liabilities of $100 million and $500 million respectively. The company issued a statement saying that to get an extension on the approaching dates of maturity of paying a debt of $182 million for the Brightwater project, the company has filed for bankruptcy. The Brightwater project was a project of 356-home developments. It was taking place near the Bolsa Chica wetlands. In the 105-acre project, already around 70 homes have been sold and 17 more are in the waiting line.

This move was expected by the company as they had defaulted on a loan payment very recently. This had sent a warning signal to the lenders then only. Orange County and Huntington Beach are its 2 most insecure creditors. California Coastal owes them around $9.7 million and $4.6 million respectively.

Fisker Automotive Inc., which is an Irvine-based automaker of luxury hybrid cars, is planning to procure and establish a Delaware plant by spending a sum of around $200 million. By the year 2012, the plant would be making sedan cars that would be designed for the entire family.

In a ceremony on Tuesday, the company announced its future plans for the plant. Joe Biden, who is the Vice President of the company, was also present at the ceremony along with the Chief Executive Henrik Fisker. To generate these cars that come with an electronic-cum-gas engine, the company has received confirmation of federal loans of $528.7 million. A sum of $18 million is being paid by Fisker to a former General Motors Corp. plant in Wilmington. In the coming few years, an approximate $175 million is planned to be spent in renovating the factory.

The plant would be used to produce ‘Nina’ which is a complete family car. The price of the car after a federal tax credit of $7,500 is expected to come around $40,000. ‘Karma’, which is another luxury sedan of Fisker, might also shift its production base to Delaware in the coming years. Irvine-based Quantum Fuel Systems Technologies Worldwide Inc. designed the cars of Fisker Automotive Inc. with an unmatched combo of gasoline and a battery engine which is fully rechargeable.

The Q3 results of Costa Mesa-based Cerdayne Inc., which makes body armor for the military, have fallen short of Wall Street’s expectations and its future vision for the remaining year didn’t offer a very promising outlook. The shares closed down at the market value of approximately $425 million. Excluding the investment loss of $1.8 million the third-quarter profit was reported lower from the past year at $6.7 million whereas the analysts were expecting a profit of $7.2 million.

The armor designed by the company was being worn by the Iranian and Afghani troops. This reduced the sales of the armor to the military. In comparison with the past year, the sales were reported 35% lower at around $108 million. Analysts were hoping for sales of $110 million.

The profits of the year 2009 are expected to be around $15.4 million, which is also lower from the previous year’s profits. From $420 million to $440 million, the sales were also anticipated at $410 million to $415 million. The company has some expansion plans in store for it. It’s planning to expand itself to other industries as well like oil and gas drilling, solar energy and many more such industries. Joel P. Moskowitz, who is the chief executive of Ceradyne Inc., has said that next year the sales opportunities for the military would appear in a light version of the military armor, vehicle armor and other services that are offered by the company.

On Monday, Chris Anderson who was the Former publisher of Orange County Register was declared the publisher of the Portland newspaper- The Oregonian. Anderson had left the Orange County Register in the year 2007. Eastern Oregon was the place where Anderson had grown up and he used to deliver The Oregonian when he was a boy. Anderson expressed his desire to make The Oregonian more important and the most sought after newspaper in the future on the newspaper’s website.

From an editor of the Register in the year 1980, Anderson became the publisher in the year 1999 of the county’s largest daily newspaper. Two years back, Anderson was superseded by, Terry Horne, who is presently the publisher of the Register. Anderson had worked a lot upon bringing in changes for the readers. Anderson has been working as a consultant for Stacey Nicholas who is the ex-wife of Broadcom Corp.’s cofounder Henry Nicholas and R.J. Brandes in those two years.

At the University of Arizona, Anderson used to visit as a professor of journalism as well. The Oregonian too is facing numerous hardships like reduction in the number of readers and other similar challenges that were faced by the Register. As per the Audit Bureau of Circulations, the distribution of the newspaper showed a reduction of 12% from the previous year in September and as per the Register it was down 10% in September. The reason is that Irvine-based Freedom Communications Inc. which is the owner of the Register is trying to undergo bankruptcy reorganization.

On Thursday, a much better outlook for the present quarter was presented by Costa Mesa-based electronics’ maker Emulex Corp. They have mentioned an expected profit of $8 million to $10 million on sales of around $88 million to $92 million and that has beaten the analyst’s expectations.

The Q3 results announced by Emulex Corp. are responsible for this impressive outlook as the results were a little ahead of expectations of Wall Street. Sales of $86 million were reported by the company which showed higher revenue of $7 million than the previous year, in contravention of what the analysts had thought of.

After facing many ups and downs, Emulex has taken it as its own responsibility to prove to its analysts and investors that it can stand on its own and doesn’t require any company like Broadcom, which tried to over take the company a few months back. Emulex had offered bigger growth prospects in the future so as to avoid a takeover by Broadcom Corp. It believed in its ability to manage goodwill in the market for converged networking gear. A deal regarding the same has been announced by Emulex Corp with IBM Corp. In after hours trading, the shares of the company were available at a market value of $904 million.

“There’s a little bit of concern about whether Santa’s coming this year or not”, this statement issued by Irvine-based chipmaker Braodcom resulted in the lowering by 7% of the share value of the company in New York trading on Friday afternoon. This was the outcome of the not-so-very enthusiastic outlook presented by the company for the fourth quarter.

On Thursday, in a con-call with analysts, Broadcom’s Chief Executive Scott McGregor expressed his doubts saying, “The economy is still not out of the woods yet and it will be a little uncertain about what’s going to happen around Christmas with consumer demand”.

Broadcom’s recent market valuation amounted to $13.8 billion. Comprising both the third and fourth quarter, Broadcom is looking forward to sales of around $1.3 billion. Though it offered a very bleak outlook but still there are chances that costs will rise. Analysts are hoping for profits of $174 million in the current quarter on sales of $1.2 billion.

Analysts on Wall Street had been hoping for a much better outlook from the company and the company too is trying to reach the standards. FBR Capital Markets LLC analyst Craig Berger holds a limited visibility in the holiday season as being responsible for this uncertain outlook of Broadcom. These prospects were presented as the Q3 results were declared which did not live up to the expectations of Wall Street. The sales and profits were down 3% and 48% respectively from the previous year.

On Friday, Grubb & Ellis Co., a Santa Ana-based company got an investment of $90 million for real estate brokerage and investments as its deal with institutional investors proved to be a success. The sum would help the company to pay off its debts worth $67 million that are due for November end and the rest would be put to use as working capital for the company.

The Company’s Chairman and largest shareholder, C. Michael Kojaian calls it a transformational deal for the company which will make it the most strongest capitalized company in the real estate industry. A sale of 900,000 shares of 12% preferred convertible stock is included in the deal for the institutional investors. The price of every individual share of that stock would equal to 60.6 shares of the common stock thereby offering the per share conversion price of $1.65. This resulted in a premium of 12% of the closing price on Oct 22. Investors have been given a 45-day option to purchase preferred stocks for an additional 100,000 shares.

Grubb’s institutional investors name list was kept under wraps for some time. On Friday afternoon, the shares rose up to an approximate of 20% making the market value of the company stand at approximately $120 million. By November 6, this transaction would be closed down. A deal to re-establish the potential firm with new terms that was going in debts was announced by the company in the beginning of this month. A sum of $5 million was also being raised from Kojaian side-by-side.

The company would now be able to make a payment of $27.3 million by the end of November with the help of the credit given by a unit of Deutsche Bank AG. Grubb got an option to pay off the credit line of the full $38 million and a similar line of $29 million at 65 cents on the dollar. Once the deal is signed, the dues will be paid off immediately.