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Xircom

BUSINESS
February 18, 1997 | BARBARA MURPHY
Xircom Inc. in Thousand Oaks has announced the promotion of Carl E. Russo to executive vice president and chief operating officer. Russo has been vice president and general manager at Xircom since 1995. In his new role, he will be responsible for worldwide sales and marketing, product development and operations. Before joining Xircom, Russo held executive positions at Network Systems Corp., Channel Networking Group. and AT&T Paradyne Inc.
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CALIFORNIA | LOCAL
February 16, 1999 | BARBARA MURPHY
Xircom Inc. in Thousand Oaks announced that Carl Russo has been elected to its board of directors. Russo, 42, is president, chief executive officer and member of the board of directors of Cerent Corp., a manufacturer of optical transport systems for public networks. Until May, he was executive vice president and chief operating officer of Xircom. Before joining Xircom in 1995, Russo was senior vice president and general manager at Network Systems Corp.
BUSINESS
June 13, 1995
Xircom Inc., a Thousand Oaks-based maker of network adapters for portable computers, said it has completed its acquisition of privately held Primary Rate Inc., a producer of computer network products and software. Xircom said it paid about $48 million in cash and stock for Primary Rate, which will continue to operate from its Salem, N.H., headquarters. Primary Rate's chief executive officer, Mark Galvin, will continue to oversee operations of the company as a vice president at Xircom.
BUSINESS
March 17, 1998 | DBARBARA MURPHY
A PC Card made by Xircom Inc. in Thousand Oaks has won the 1998 Mobility Award, given to innovative and successful mobile computer products. Mobile Insights and Mobile Computing & Communications Magazine named Xircom's CreditCard Ethernet 10/100+Modem 56 this year's Mobility Award recipient in the Remote Access Hardware category.
BUSINESS
July 1, 1997 | BARBARA MURPHY
Xircom Inc. in Thousand Oaks said earnings and sales in its fiscal third quarter missed analysts' projections because of disappointing sales of its networking cards for computers. The networking products company said revenue in the quarter ended Monday was about $50 million and earnings from continuing operations broke even. Analysts were expecting earnings of 18 cents a share. In the third quarter last year, Xircom earned 13 cents a share on sales of $52.2 million.
CALIFORNIA | LOCAL
January 19, 1999 | BARBARA MURPHY
Xircom Inc. in Thousand Oaks said it will increase its focus on the Latin American market by opening a sales and marketing office in St. Petersburg, Fla. "Xircom's investment in Latin America enables us to strengthen our regional presence as the notebook communications experts for the rapidly growing corporate, government and education segments of the market," said Marc Devis, senior vice president of worldwide sales.
BUSINESS
February 21, 1995 | Jack Searles
Xircom Inc., a Thousand Oaks producer of mobile network systems for personal computers, has been chosen in a survey as the top brand of portable PC network adapters, the company reports. The survey was conducted among information systems managers by Computerworld magazine. Xircom led its field for the third consecutive year. The company said it came in first in all areas of the survey, including best technology, best price / performance, best service / support and best documentation.
BUSINESS
December 1, 1992
A major pension fund has cut its stake in Calabasas-based Xircom Inc. by about 154,200 shares. Between Nov. 2 and 9, the State of Wisconsin Investment Board, which manages funds for Wisconsin state employees, sold off about 1% of its holdings in Xircom and now owns 7.6% of the firm, or 1.1 million common shares. The divested shares were sold for $9 to $9.50 each.
CALIFORNIA | LOCAL
December 15, 1998 | BARBARA MURPHY
Xircom Inc. in Thousand Oaks has been awarded a contract by the Victoria Department of Education in Australia to provide PC cards for teachers' personal notebook computers. Xircom, through its distributor CHA, will supply the school system with up to 37,000 RealPort Ethernet 10 / 100 Integrated PC Cards over a five-year period for its Acer notebook PCs. Xircom manufactures products that allow portable computer users to connect to corporate networks, the Internet and other online resources.
BUSINESS
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.
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