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BUSINESS
September 29, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
Satellite Technology Management Inc. said Tuesday that it has agreed to purchase a San Diego supplier of microwave components. The deal to buy privately held RF Microsystems would save production costs and allow STM to take advantage of the supplier's potentially lucrative government contacts. No cash value for the merger was immediately available, company officials said.
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BUSINESS
April 12, 1995
STM Wireless Inc., a manufacturer of satellite and wireless communications products, said Tuesday that a subsidiary has received two five-year contracts from the U.S. Navy worth $57.2 million for engineering and technical services. The Irvine company's subsidiary, RF Microsystems Inc., won the contracts and will hire subcontractors for about half of the work.
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BUSINESS
April 12, 1995
STM Wireless Inc., a manufacturer of satellite and wireless communications products, said Tuesday that a subsidiary has received two five-year contracts from the U.S. Navy worth $57.2 million for engineering and technical services. The Irvine company's subsidiary, RF Microsystems Inc., won the contracts and will hire subcontractors for about half of the work.
BUSINESS
January 8, 1994 | From Times Staff and Wire Reports
Stock Jumps on News: Satellite Technology Management Inc., the Costa Mesa manufacturer of satellite and communications equipment, said Friday that the U.S. Justice Department has completed a criminal investigation of the company and has decided to take no action. Satellite Technology's stock jumped $1 a share on the news, closing at $8.25 in Friday's Nasdaq trading. The company had been under investigation for allegedly attempting an illegal shipment in May of $1.
BUSINESS
January 8, 1994 | From Times Staff and Wire Reports
Stock Jumps on News: Satellite Technology Management Inc., the Costa Mesa manufacturer of satellite and communications equipment, said Friday that the U.S. Justice Department has completed a criminal investigation of the company and has decided to take no action. Satellite Technology's stock jumped $1 a share on the news, closing at $8.25 in Friday's Nasdaq trading. The company had been under investigation for allegedly attempting an illegal shipment in May of $1.
BUSINESS
April 4, 1996
STM Wireless Inc.'s shares rose 24% after the communications equipment maker agreed earlier this week to sell its RF Microsystems subsidiary. "They are getting rid of a unit that was diverting management's attention," said Dale Pfau, analyst with Oppenheimer & Co. "This company is on its way to a turnaround." The company's shares rose by $2.50 to $12.75 on the Nasdaq market. STM had announced earlier this week that it plans to sell the subsidiary to Remec Inc.
BUSINESS
June 16, 1994
* Gerald T. Devlin, vice president of sales for the Americas for AST Research Inc., has resigned. Devlin, who has been with the Irvine personal computer manufacturer since January, 1993, is leaving to become vice president of worldwide sales for the Desktop Document division of Xerox Corp. A successor for Devlin has not yet been chosen. * Victor L. Prechtl has been appointed vice president and controller of Fluor Corp.
CALIFORNIA | LOCAL
June 9, 1997 | DAWN HOBBS, SPECIAL TO THE TIMES
When the Kelly brothers decided to open a winery, they looked no further than their old hometown. Camarillo is known for its avocado and citrus orchards, and artichoke and strawberry fields. But vineyards? As it turns out, the climatology and soil samples from a patch of ground owned by the Kelly family in Camarillo are almost identical to those in Sonoma County.
BUSINESS
September 29, 1993 | JAMES M. GOMEZ, TIMES STAFF WRITER
Satellite Technology Management Inc. said Tuesday that it has agreed to purchase a San Diego supplier of microwave components. The deal to buy privately held RF Microsystems would save production costs and allow STM to take advantage of the supplier's potentially lucrative government contacts. No cash value for the merger was immediately available, company officials said.
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