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Bridge Technology Inc

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BUSINESS
August 16, 2000
The Garden Grove provider of digital recording, storage and communications components said net income for the second quarter climbed to $601,368, or 5 cents a share, from $190,058, or 2 cents a share, for the comparable period last year. Revenue increased to $25.5 million from $7.2 million.
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BUSINESS
April 5, 2001
Bridge Technology Inc., a Garden Grove data storage and communications components company, reported that fourth-quarter net income climbed to $430,249, or 4 cents a share, from $106,165, or 1 cent a share, a year ago. Revenue rose to $45.3 million from $8.4 million. The company said the 2000 figures reflect its acquisition of CMS Technology Ltd., Hong Kong. Net income for the year increased 66% to $1.1 million, or 10 cents a share, from $660,721, or 7 cents a share, for 1999.
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BUSINESS
December 4, 1999
Bridge Technology Inc., a Garden Grove computer peripheral products company, said Friday that it has tentatively agreed to acquire 90% of Centennial Electronics Ltd. of Hong Kong. Terms of the deal were not disclosed. Bridge, a company with $19.6 million in revenue for the first nine months this year, would broaden its international presence and pick up a company with projected sales this year of $47 million.
BUSINESS
February 28, 2001
The Garden Grove data storage and communication components company said net income for the fourth quarter rose 27% to $730,000, or 7 cents a share, from $576,000, or 5 cents a share, a year ago. Revenue rose to $46.4 million from $14.7 million. Net income for 2000 more than doubled to $1.4 million, or 13 cents a share, from $669,000, or 7 cents a share, the previous year. Revenue grew to $122 million from $34.3 million.
BUSINESS
May 26, 1999
Bridge Technology Inc., a Garden Grove computer products company, reported first-quarter net income of $78,278, or 1 cent a share, contrasted with a net loss of $81,895, or 2 cents a share, for the year-earlier period. Sales were up 64% to $7.7 million from $4.7 million.
BUSINESS
April 19, 2000
Bridge Technology Inc., a Garden Grove maker of digital recording, storage and communication components, said Tuesday that its stock will be listed on the Nasdaq small-cap market starting today. The company said in a press release that its shares will trade under the ticker symbol BRDG. The listing, the company said, should enable Bridge Technology to attract a broader investor base, including institutional investors.
BUSINESS
January 5, 2000
Bridge Technology Inc., a Garden Grove computer peripheral products company, said Tuesday that it has agreed to acquire up to 70% of the assets of CMS Technology Limited in Hong Kong for $7 million cash, along with the first right of refusal to acquire the remaining 30%. The price is payable in two installments. Half was paid Monday, and the rest will be paid Feb. 1. CMS, an exclusive IBM distributor for China, posted $50 million in revenue in 1999.
BUSINESS
July 20, 2000 | Dow Jones
Bridge Technology Inc., a Garden Grove maker of data storage and communication components, said Wednesday that it plans to double the size of its Autec Power Systems Inc. unit in Simi Valley. Bridge said in a press release that demand for Autec's power supplies and switching power components exceeds the unit's available production capacity. Autec's current contract backlog, which has a high percentage of new customer orders, exceeds $10 million, Bridge said.
BUSINESS
February 13, 2001
Bridge Technology Inc., a Garden Grove digital data-storage and communication-components company, said Monday it has canceled all agreements, including stock exchanges, with Worldwide Wireless Networks Inc. Bridge said in a press release that the cancellations include the previously reported 60% sale of its Pacific Bridge Net unit to the Orange-based wireless infrastructure company.
BUSINESS
February 21, 2001 | Dow Jones
Worldwide Wireless Networks Inc. on Tuesday disputed Bridge Technology Inc.'s recent statements that the companies have severed their relationship and canceled exchanges of stock. Worldwide Wireless said it is reviewing its relationship with Bridge, a Garden Grove digital data-storage and communication-components company, but hasn't agreed with Bridge to discontinue any aspects of the relationship, specifically its investment in Bridge stock. Bridge said Feb.
BUSINESS
February 13, 2001
Bridge Technology Inc., a Garden Grove digital data-storage and communication-components company, said Monday it has canceled all agreements, including stock exchanges, with Worldwide Wireless Networks Inc. Bridge said in a press release that the cancellations include the previously reported 60% sale of its Pacific Bridge Net unit to the Orange-based wireless infrastructure company.
BUSINESS
December 1, 2000 | Dow Jones
Bridge Technology Inc. sold a 60% stake in its Pacific Bridge Net unit to Worldwide Wireless Networks Inc., a wireless infrastructure company in Orange. Terms weren't disclosed. Bridge Technology, a Garden Grove provider of digital data storage and communications components, said Pacific Bridge Net is in negotiations to build a wireless infrastructure system in Europe that may conflict with Bridge's business model.
BUSINESS
July 20, 2000 | Dow Jones
Bridge Technology Inc., a Garden Grove maker of data storage and communication components, said Wednesday that it plans to double the size of its Autec Power Systems Inc. unit in Simi Valley. Bridge said in a press release that demand for Autec's power supplies and switching power components exceeds the unit's available production capacity. Autec's current contract backlog, which has a high percentage of new customer orders, exceeds $10 million, Bridge said.
BUSINESS
June 24, 2000 | Dow Jones
Bridge Technology Inc. of Garden Grove said Friday it has purchased 300,000 shares of Worldwide Wireless Networks Inc. common stock at $4 each. Bridge, a provider of digital recording, storage and communication components, said it expects Worldwide Wireless initially to be the principal customer for Bridge's new wireless infrastructure apparatus. Orange-based Worldwide Wireless shares closed Friday at $3.44, down 6 cents, in over-the-counter trading.
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