Specialized and Jamis both make bikes on 700c wheels that *should* work for her. Why the desire for 650? It sux! I hate it. (i have 4 bikes, 2 650 and 2 700)
Orbea and Felt make small bikes but on 650c wheels. How does she feel about being on different sized wheels then everyone else?

I'm a shade under 5' and I ride a Jamis Race Femme size 44. I also test rode a Specialized Amira in a 48 as they didn't have a 44 in stock and wouldn't order one. The 48 was no problem with reach but the head tube was too tall, even in the drops I was pretty upright. I was pretty close to ordering the 44cm Amira based on that and the geo chart. I ended up getting a good deal on the Jamis thru the shop that sponsors my team so went with that. I love it, it's a great bike. I also have an older alum Cannondale on 650c wheels, sometimes I race crits on that bike. If she wants a less racier bike the Specialized Ruby is also available in a 44

http://www.jamisbikes.com/.../11_xenithracef.html


http://www.specialized.com/...BCMain.jsp?scid=1001

http://www.specialized.com/...BCMain.jsp?scid=1001