October 16, 2003 |
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.
September 6, 2002 |
Three officers and a director of NewCom Inc., a defunct Westlake Village tech firm, were charged Thursday with falsifying company financial records in a case federal prosecutors portrayed as an example of the Bush administration's pledge to crack down on corporate greed. The criminal fraud and conspiracy case is the latest development in a long investigation of NewCom and its majority owner, Aura Systems Inc. of El Segundo.
CALIFORNIA | LOCAL
June 8, 1999 |
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.
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.
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.
June 23, 1998 |
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.