April 20, 1993
Xircom Inc., a Calabasas maker of equipment for linking personal computers, said its fiscal second-quarter profit surged 59% from a year earlier on a 32% sales gain. In the quarter ended March 31, Xircom's net income rose to $2.13 million from $1.35 million a year earlier, while its sales climbed to $18.7 million from $14.2 million. The introduction of new products and cost controls helped produce the gains, Xircom said. Xircom's earnings for the first half of its fiscal year rose 47%, to $3.
June 16, 1998 |
Hewlett-Packard Co. has agreed to offer Xircom Inc.'s CreditCard Modem 56 PC Card as an accessory to its line of OmniBook notebook PCs. "Xircom's 56K PC Card modem provides our OmniBook notebook PC customers with a reliable, high-speed communications solution," said Tom Capp, accessories manager for HP's mobile computing division. Available in June, the CreditCard Modem 56 will be sold through Hewlett-Packard reseller channels in North America.
June 17, 1997
Xircom Inc., a Thousand Oaks computer network developer, said its revenues for the quarter ending June 30 will be $50 million, or 15% lower than the $58.5 million currently expected by Wall Street analysts. The company said the lower sales projection is due to sluggish PC Card sales for its third quarter. "The U.S. market is experiencing strong demand but limited availability for the new high-end MMX-equipped portable computers," said Xircom president and CEO Dirk Gates.
June 14, 2000 |
Xircom Inc., which makes circuitry that connects laptop computers to networks and cell phones, agreed to buy Omnipoint Technologies Inc. from VoiceStream Wireless Corp. for $52.2 million. Thousand Oaks-based Xircom will give VoiceStream 1.2 million shares in exchange for full ownership of Omnipoint. The purchase, valued on Xircom's closing price Monday, is expected to close within three weeks. Omnipoint makes circuit cards for communications uses that are installed in computers.
September 26, 1995 |
Xircom Inc., a Newbury Park producer of computer network access systems, has agreed to sell its line of network printing products to Pacific Data Products Inc. in San Diego. Xircom is selling its printer business because it wants to concentrate on products that allow mobile and remote access to corporate computer networks, according to Dick Gates, Xircom's president and chief executive.
October 25, 1994
Xircom Inc., a Calabasas-based maker of electronic components, posted record earnings in its fiscal fourth quarter. In the quarter that ended Sept. 30, the company reported profit of $4.36 million, up 38% from $3.16 million a year earlier. Revenues rose 58% to $38.9 million from $24.7 million in the same three-month period a year earlier. For its fiscal year, Xircom posted earnings of $15.9 million on $132 million in revenues, compared to a year-earlier profit of $9.65 million on sales of $82.
March 25, 2000 |
Xircom Inc., which makes communications cards to connect laptop computers to networks and cell phones, said fiscal second-quarter earnings will fail to meet forecasts. The news sent its shares down 10%. The Thousand Oaks-based company, citing year 2000 fears of a slowdown in sales, said it expects to report profit of 30 cents to 35 cents a share, before goodwill and other acquisition-related costs, in the quarter ending March 31.
January 16, 1997 |
Intel Corp. has made a $52-million investment in Thousand Oaks-based Xircom Inc., a 10-year-old manufacturer of communications products, in return for a 20% stake in the company. Xircom makes products to connect portable computers to corporate networks, the Internet and online services.