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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.
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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.
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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
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.
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
April 14, 1998 | BARBARA MURPHY
NewCom Inc. in Westlake Village has been named the 1997 Most Improved Vendor of the Year for Peripherals by Computer City, the computer superstore retailer. NewCom was selected for the award based on its product sales in Computer City outlets, its customer service and the quality of its products. NewCom manufactures computer communications and multimedia equipment, including high-speed modems, CD-ROM drives, upgrade kits, Internet set-top boxes, and plug-and-play sound cards.
BUSINESS
July 21, 1998 | BARBARA MURPHY
Edward A. Stoltenberg has accepted the post of chief financial officer at NewCom Inc. in Westlake Village. Stoltenberg has a long career in public accounting and has served as CFO in companies in all stages of development from start-ups to mature organizations. Previously, he worked at Arthur Andersen and Co. in both the United States and European operations.
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
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
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
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 29, 2005 | Tom Petruno
Aura Systems Inc., an El Segundo-based company with a history of run-ins with regulators, filed for Chapter 11 bankruptcy protection Monday, the company said. Aura, which had sales of about $2 million last year, has been trying to develop commercial products based on electromagnetic technology. The company's longtime chief executive, Harry Kurtzman, quit in 2002 as the Securities and Exchange Commission was preparing accounting fraud charges against him.
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