Bridge Tech Buys Stake in Orange Company

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. The company provides high-speed wireless services to about 190 commercial customers. Bridge’s stock, which trades on the Nasdaq SmallCap market, rose 22 cents to $7.88.