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BUSINESS
June 23, 1998 | BARBARA MURPHY
NewCom Inc. in Westlake Village reported that for its fiscal year ended Feb. 28, the company showed an increase in net revenues of 85%, to $93.7 million from $50.6 million from the previous fiscal year. Net income for the year was $7.1 million, or 82 cents per share, compared with $3.3 million, or 44 cents per share, in the previous year. NewCom provides modems, soundboards, multimedia kits, 3D graphics cards, and Webpal--a TV set-top box for accessing Internet and e-mail from televisions.
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BUSINESS
May 12, 2005 | E. Scott Reckard, Times Staff Writer
Two former executives of NewCom Inc., a defunct maker of computer accessories in Westlake Village, were sentenced Wednesday to two years each in federal prison for their roles in a scheme to book fake sales and deceive regulators and investors. NewCom's former chief executive, Sultan W. Khan of Pacific Palisades, and the company's former executive vice president, Asif M. Khan of Westlake Village, both 60, had asked to be given probation.
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BUSINESS
November 6, 1998
NewCom Inc. and Santa Ana-based Simple Technology Inc. said Thursday they have called off plans for Simple to sell a chunk of its business to the Westlake Village company, which makes computer peripherals. The companies attributed the decision to "current market conditions." NewCom's stock, which traded as high as $18 earlier this year, fell to a 52-week low of $2.38 a share last month. The shares closed Thursday at $4.75, off 44 cents.
BUSINESS
December 11, 2003 | E. Scott Reckard and Jean Guccione, Times Staff Writers
Dealing a setback to the government's crackdown on corporate fraud, a Los Angeles federal jury Wednesday acquitted a former computer firm executive of charges that he filed inflated financial reports and lied under oath to regulators. Steven C. Veen, who was NewCom Inc.'
BUSINESS
January 20, 1998 | BARBARA MURPHY
NewCom Inc. in Westlake Village reported a net profit of $2.72 million or 29 cents per share for the third quarter that ended Nov. 30. This compares to a profit of $1.02 million or 13 cents per share for the comparable quarter in 1996. The company announced that net revenues for the third fiscal quarter were $30.17 million, up from $17.92 million a year earlier.
BUSINESS
May 26, 1999
Westlake Village-based Newcom Inc. said it expects to be delisted from the Nasdaq after the seizure of the computer accessory distributor's inventory by its lender, the shuttering of its headquarters and the firing of its employees. Newcom said it hasn't sold a "material" amount of goods since January, when Deutsche Financial Services cut off Newcom's working capital line of credit.
BUSINESS
October 16, 2003 | E. Scott Reckard, Times Staff Writer
Two former officers of NewCom Inc., a defunct computer gear maker in Westlake Village, agreed to plead guilty one week before their trial was to begin on charges of booking fake sales and falsifying Securities and Exchange Commission reports, prosecutors said Wednesday. Former NewCom Chief Executive Sultan W. Khan, 58, of Pacific Palisades pleaded guilty Wednesday before U.S.
BUSINESS
June 13, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Computer product maker Simple Technology Inc., which was founded by three brothers in 1990 and quickly became a success, said Friday it plans to sell a chunk of its business to NewCom Inc., a Westlake Village company that makes computer peripherals, such as modems and sound boards. NewCom will buy the Santa Ana-based company's so-called aftermarket business, which focuses on products designed to be added by PC users after they purchase the machines.
BUSINESS
May 12, 2005 | E. Scott Reckard, Times Staff Writer
Two former executives of NewCom Inc., a defunct maker of computer accessories in Westlake Village, were sentenced Wednesday to two years each in federal prison for their roles in a scheme to book fake sales and deceive regulators and investors. NewCom's former chief executive, Sultan W. Khan of Pacific Palisades, and the company's former executive vice president, Asif M. Khan of Westlake Village, both 60, had asked to be given probation.
BUSINESS
July 21, 1997 | From Bloomberg News
NewCom Inc., a computer accessory distributor, is overdrawn at the bank by $23,507. It owes its parent company $17 million. Customers' unpaid bills exceed its revenue for the last six months. Now it wants to go public. The Westlake Village firm filed last week to sell as much as $17 million in stock in an initial public offering that would value the company at more than $75 million. The sale is the work of parent Aura Systems Inc.
BUSINESS
October 16, 2003 | E. Scott Reckard, Times Staff Writer
Two former officers of NewCom Inc., a defunct computer gear maker in Westlake Village, agreed to plead guilty one week before their trial was to begin on charges of booking fake sales and falsifying Securities and Exchange Commission reports, prosecutors said Wednesday. Former NewCom Chief Executive Sultan W. Khan, 58, of Pacific Palisades pleaded guilty Wednesday before U.S.
CALIFORNIA | LOCAL
June 8, 1999 | BARBARA MURPHY
Newcom Inc. in Westlake Village said it expects to be delisted from the Nasdaq stock market after the seizure of the computer accessory distributor's inventory by its lender, the shuttering of its headquarters and the firing of its employees. Newcom said it hasn't sold a "material" amount of goods since January, when Deutsche Financial Services cut off Newcom's working capital line of credit.
BUSINESS
May 26, 1999
Westlake Village-based Newcom Inc. said it expects to be delisted from the Nasdaq after the seizure of the computer accessory distributor's inventory by its lender, the shuttering of its headquarters and the firing of its employees. Newcom said it hasn't sold a "material" amount of goods since January, when Deutsche Financial Services cut off Newcom's working capital line of credit.
BUSINESS
November 6, 1998
NewCom Inc. and Santa Ana-based Simple Technology Inc. said Thursday they have called off plans for Simple to sell a chunk of its business to the Westlake Village company, which makes computer peripherals. The companies attributed the decision to "current market conditions." NewCom's stock, which traded as high as $18 earlier this year, fell to a 52-week low of $2.38 a share last month. The shares closed Thursday at $4.75, off 44 cents.
BUSINESS
June 23, 1998 | BARBARA MURPHY
NewCom Inc. in Westlake Village reported that for its fiscal year ended Feb. 28, the company showed an increase in net revenues of 85%, to $93.7 million from $50.6 million from the previous fiscal year. Net income for the year was $7.1 million, or 82 cents per share, compared with $3.3 million, or 44 cents per share, in the previous year. NewCom provides modems, soundboards, multimedia kits, 3D graphics cards, and Webpal--a TV set-top box for accessing Internet and e-mail from televisions.
BUSINESS
June 13, 1998 | LESLIE EARNEST, SPECIAL TO THE TIMES
Computer product maker Simple Technology Inc., which was founded by three brothers in 1990 and quickly became a success, said Friday it plans to sell a chunk of its business to NewCom Inc., a Westlake Village company that makes computer peripherals, such as modems and sound boards. NewCom will buy the Santa Ana-based company's so-called aftermarket business, which focuses on products designed to be added by PC users after they purchase the machines.
BUSINESS
December 11, 2003 | E. Scott Reckard and Jean Guccione, Times Staff Writers
Dealing a setback to the government's crackdown on corporate fraud, a Los Angeles federal jury Wednesday acquitted a former computer firm executive of charges that he filed inflated financial reports and lied under oath to regulators. Steven C. Veen, who was NewCom Inc.'
CALIFORNIA | LOCAL
June 8, 1999 | BARBARA MURPHY
Newcom Inc. in Westlake Village said it expects to be delisted from the Nasdaq stock market after the seizure of the computer accessory distributor's inventory by its lender, the shuttering of its headquarters and the firing of its employees. Newcom said it hasn't sold a "material" amount of goods since January, when Deutsche Financial Services cut off Newcom's working capital line of credit.
BUSINESS
January 20, 1998 | BARBARA MURPHY
NewCom Inc. in Westlake Village reported a net profit of $2.72 million or 29 cents per share for the third quarter that ended Nov. 30. This compares to a profit of $1.02 million or 13 cents per share for the comparable quarter in 1996. The company announced that net revenues for the third fiscal quarter were $30.17 million, up from $17.92 million a year earlier.
BUSINESS
July 21, 1997 | From Bloomberg News
NewCom Inc., a computer accessory distributor, is overdrawn at the bank by $23,507. It owes its parent company $17 million. Customers' unpaid bills exceed its revenue for the last six months. Now it wants to go public. The Westlake Village firm filed last week to sell as much as $17 million in stock in an initial public offering that would value the company at more than $75 million. The sale is the work of parent Aura Systems Inc.
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