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ORANGE COUNTY EARNINGS

March 08, 1994

Satellite Technology Management Inc.: The Costa Mesa manufacturer of satellite communications networks reported a loss of $1.9 million, or 39 cents a share, for 1993, contrasted with profit of $3.6 million, or 77 cents a share, for 1992. Revenue fell 26%, to $16.6 million from $22.5 million. Figures for 1993 and 1992 have been adjusted to include the results of RF Microsystems, which was acquired in December, 1993. The company said 1993 revenue and income were affected by a U.S. government investigation of an order to a customer in Iran.

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