ORANGE COUNTY EARNINGS

I-Flow Corp.: The Lake Forest maker of medical infusion systems said it lost $148,000, or 1 cent a share, for the first quarter, contrasted with net income of $337,000, or 2 cents a share, for the same period last year. Revenue was down 5% to $4.1 million from $4.3 million. The company said 1998 first quarter results were affected by the restructuring of its distribution network.