ORANGE COUNTY

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 $1.5 million in communications equipment to Iran. Separately, Satellite Technology said Friday that it has bought RF Microsystems, a San Diego-based company with 65 employees and annual sales of $5 million, for an undisclosed amount of stock. RF, which will keep its San Diego headquarters, makes microwave systems and components.