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THE BOTTOM LINE /Bill Ritter

September 30, 1986|Bill Ritter

Mega Bytes Delivered--From Somewhere

Pizza Hut in San Diego has become the Pepsico-owned chain's first California attempt to offer home delivery. The effort is high-tech, led by a computerized order-taking system.

It's also semi-secretive.

Company officials aren't disclosing what type of computer they're using--they only call it an "airline reservation-style console" and they're not saying where the order-taking offices are situated.

FSLIC Lawsuit Was No Big Deal

Last week's lawsuit by the Federal Savings & Loan Insurance Corp., as receiver for sunken Sun Savings, against nearly 100 public agencies--cities and school districts among them--was merely a formality, according to federal regulators. The lawsuit created a minor hoopla because the public agencies had deposits at Sun that exceeded the $100,000 amount insured by the government.

But the lawsuit--a first because it was also filed against the Federal Home Loan Bank Board, which oversees FSLIC--was not an adversary action, according to one federal regulator. "We want the court to resolve an issue of . . . who gets the funds, rather than who will win the lawsuit," the official said.

The maximum exposure for all of the public agencies, said the regulator, is only $1 million.

Axelrod Takes Over Dental Plan Firm

Yes, that was the Arthur D. Axelrod of J. David & Co. fame who was named last week as president of National Health Care Systems, an Irvine-based operator of pre-paid dental plans.

Axelrod, who bought 9.5% of National Health in a private transaction in May, owned Transatlantic Bancorp, which raised millions of dollars from clients and invested the funds in J. David.

It was Axelrod who helped force J. David into bankruptcy in February, 1984; Transatlantic was J. David's largest creditor, losing more than $15 million in the failed La Jolla investment firm.

In July, Axelrod--a Santa Ana businessman who made a fortune in the salvage business, real estate and banking--sued his attorney, Richard Bruck, claiming the lawyer incorrectly advised him that J. David's investment strategies complied with state and federal laws.

Who Says Surfing's for Kids?

Leroy Lewis, the tale-telling business professor at San Diego State University, likes to present discussion panels at his evening classes. And he likes to make the panels diverse.

So the surfer student in Lewis' class seemed eager to discuss the business of ocean waves after a Times reporter finished addressing the class.

But the chat quickly became a threesome when another panel member who has surfed for years joined in, describing his favorite surfing spot and his age-old--and very long--surfboard.

The trim and fit veteran surfer: 65-year-old William Ivans, chairman of San Diego-based Cohu Inc.

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