February 13, 1997 |
California Microwave Inc. said it will cut 20% of its staff and close facilities in California and Illinois by March 31 in a restructuring. The Redwood City-based supplier of satellite Earth station and microwave radio infrastructure products did not specify how many jobs would be cut. Company executives were not immediately available to comment. The company said it will take an $8-million charge to account for the actions in the fiscal third quarter ending March 31.
October 16, 1997 |
Ford Motor Co. on Wednesday said its third-quarter profit rose 62%, beating estimates and setting a record for the period, in a performance analysts say the auto maker may be hard-pressed to repeat amid an onslaught of competition for its popular sport-utility vehicles. The world's second-largest auto maker said net income rose to $1.13 billion, or 90 cents a fully diluted share, from $694 million, or 53 cents, before special items in the year-earlier period.
CALIFORNIA | LOCAL
July 27, 1999
California Microwave Systems, Woodland Hills, has completed Pentagon certification for its Communications Gateway System, parent company Northrop Grumman announced. The system utilizes components, known as DMS multi-function interpreters, to convert messages from e-mail-based protocols to military message formats and back again.
February 1, 1985
California Microwave Inc., a Sunnyvale-based maker of telecommunications equipment, has appointed Gilbert F. Johnson president and chief operating officer, succeeding David B. Leeson, who remains chairman and chief executive.
March 23, 1989 |
California Microwave Inc. has acquired Efdata Corp. of Tempe for about $5.8 million in cash and common stock, Efdata officials said. Efdata produces a range of satellite and troposcatter data communications productions, with annualized sales of $8 million, said founder Robert Fitting. He said the firm would continue to operate in Tempe as a wholly owned subsidiary of California Microwave, a Sunnyvale, Calif.-based supplier of electronic intelligence systems and communications equipment.