UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. )*
NEWCOM, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
651093-10-6
(CUSIP Number)
December 1, 1998
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of
the Act (however, see the Notes).
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 2 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
P.R.I.F., L.P.
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[X]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 514, 852
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
863,367
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,367
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 3 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
H.B. and Co., Inc.
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 514,852
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
863,367
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,367
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 4 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Henry Brachfeld
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 514,852
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
863,367
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,367
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 5 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Lilian Brachfeld
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON -0-
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
-0-
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
-0-
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [X]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
0%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 6 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Excalibur Limited Partnership
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[X]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 348,515
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
863,367
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,367
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 7 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
Excalibur Capital Management, Inc.
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Ontario, Canada
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 348,515
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
863,367
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,367
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 8 OF 16 PAGES
- - ------------------------------------------------------------------------- -
1 NAME OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
William S. Hechter
- - ------------------------------------------------------------------------- -
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (A)[ ]
(B)[ ]
- - ------------------------------------------------------------------------- -
3 SEC USE ONLY
- - ------------------------------------------------------------------------- -
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Canada
- - ------------------------------------------------------------------------- -
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------- -
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 348,515
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
863,367
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
863,367
- - ------------------------------------------------------------------------- -
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES (SEE INSTRUCTIONS) [ ]
- - ------------------------------------------------------------------------- -
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
7.5%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 9 OF 16 PAGES
Item 1. Name and Address of Issuer:
NewCom, Inc.
31166 Via Colinas
Westlake Village, California 91326
Item 2. (a) Names of Filing Persons:
P.R.I.F., L.P. ("P.R.I.F.")
H.B. and Co., Inc. ("HBCI")
Henry Brachfeld ("Mr. Brachfeld")
Lilian Brachfeld ("Mrs. Brachfeld")
Excalibur Limited Partnership ("Excalibur")
Excalibur Capital Management, Inc. ("ECMI")
William S. Hechter ("Mr. Hechter")
(b) Address of Principal Business Office:
P.R.I.F., HBCI, Mr. Brachfeld and Mrs. Brachfeld:
175 Bloor Street East
South Tower
7th Floor
Toronto, Ontario M4W 3R8
Canada
Excalibur, ECMI and Mr. Hechter:
205 Venta Drive
Toronto, Ontario M5P 3A1
Canada
(c) Place of Organization or Citizenship:
P.R.I.F.: an Ontario, Canada
limited partnership
HBCI: an Ontario, Canada
corporation
Mr. Brachfeld: a citizen of the United States
Mrs. Brachfeld: a citizen of Canada
Excalibur: an Ontario, Canada
limited partnership
ECMI: an Ontario, Canada
corporation
Mr. Hechter: a citizen of Canada
(d) Title of Class of Securities:
Common Stock, $.001 par value
(e) CUSIP Number:
651093-10-6
Item 3. This statement is filed pursuant to Rule 13d-1(c) by
P.R.I.F., HBCI, Mr. Brachfeld, Mrs. Brachfeld,
Excalibur, ECMI and Mr. Hechter.
Item 4. Ownership:
(a) Amount Beneficially Owned by Filing Persons:
P.R.I.F. 863,367
HBCI 863,367
Mr. Brachfeld 863,367
Excalibur 863,367
ECMI 863,367
Mr. Hechter 863,367
(b) Percent of Class:
P.R.I.F. 7.5%
HBCI 7.5%
Mr. Brachfeld 7.5%
Excalibur 7.5%
ECMI 7.5%
Mr. Hechter 7.5%
(c) Number of Shares as to which the Filing
Person has:
(i) Sole power to vote or to direct the
vote
P.R.I.F. 0
HBCI 0
Mr. Brachfeld 0
Excalibur 0
ECMI 0
Mr. Hechter 0
(ii) Shared power to vote or to
direct the vote
P.R.I.F. 514,852
HBCI 514,852
Mr. Brachfeld 514,852
Excalibur 348,515
ECMI 348,515
Mr. Hechter 348,515
(iii) Sole power to dispose or to
direct the disposition of
P.R.I.F. 0
HBCI 0
Mr. Brachfeld 0
Excalibur 0
ECMI 0
Mr. Hechter 0
(iv) Shared power to dispose or to
direct the disposition of
P.R.I.F. 863,367
HBCI 863,367
Mr. Brachfeld 863,367
Excalibur 863,367
ECMI 863,367
Mr. Hechter 863,367
(d) Mrs. Brachfeld is the sole stockholder of HBCI and
the wife of Mr. Brachfeld. By reason of such status,
Mrs. Brachfeld may be deemed to beneficially own the
shares of Common Stock beneficially owned by HBCI and
Mr. Brachfeld. Mrs. Brachfeld disclaims beneficial
ownership of all such shares pursuant to Rule 13d-4
promulgated under the Securities Exchange Act of
1934, as amended.
Item 5. Ownership of Five Percent or Less of a Class:
Not applicable
Item 6. Ownership of More Than Five Percent on Behalf of Another
Person:
Not applicable
Item 7. Identification and Classification of the Subsidiary which
Acquired the Security Being Reported on by the Parent
Holding Company:
Not applicable
Item 8. Identification and Classification of Members of the Group:
Not applicable
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification:
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the
effect of changing or influencing the control of the issuer
of the securities and were not acquired and are not held in
connection with or as a participant in any transaction
having that purpose or effect.
Exhibits:
1. Joint Filing Agreement, dated December 10, 1998, among P.R.I.F.,
HBCI, Mr. Brachfeld, Mrs. Brachfeld, Excalibur, ECMI and Mr.
Hechter.
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 13 OF 16 PAGES
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement is
true, complete and correct.
P.R.I.F., L.P.
By: H.B. and Co., Inc.,
General Partner
By: /s/ Henry Brachfeld
Name: Henry Brachfeld
Title: President
Dated: December 10, 1998
H.B. AND CO., INC.
By: /s/ Henry Brachfeld
Name: Henry Brachfeld
Title: President
Dated: December 10, 1998
/s/ Henry Brachfeld
Henry Brachfeld
Dated: December 10, 1998
/s/ Lilian Brachfeld
Lilian Brachfeld
Dated: December 10, 1998
EXCALIBUR LIMITED PARTNERSHIP
By: Excalibur Capital Management, Inc.,
General Partner
By: /s/ William S. Hechter
Name: William S. Hechter
Title: Director
Dated: December 10, 1998
EXCALIBUR CAPITAL MANAGEMENT, INC.
By: /s/ William S. Hechter
Name: William S. Hechter
Title: Director
Dated: December 10, 1998
/s/ William S. Hechter
William S. Hechter
Dated: December 10, 1998
</PAGE>
<PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 15 OF 16 PAGES
Exhibit 1
---------
JOINT FILING AGREEMENT
----------------------
This will confirm the agreement by and among the undersigned that
the Schedule 13G filed with the Securities and Exchange Commission on or about
the date hereof with respect to the beneficial ownership of the undersigned of
shares of common stock of NewCom, Inc., a Delaware corporation, is being
filed, and all amendments thereto will be filed, on behalf of each of the
persons and entities named below in accordance with Rule 13d-1(k) under the
Securities Exchange Act of 1934, as amended. This Agreement may be executed
in two or more counterparts, each of which shall be deemed an original, but
all of which together shall constitute one and the same instrument.
Dated: December 10, 1998
P.R.I.F., L.P.
By: H.B. and Co., Inc.,
General Partner
By: /s/ Henry Brachfeld
Name: Henry Brachfeld
Title: President
H.B. AND CO., INC.
By: /s/ Henry Brachfeld
Name: Henry Brachfeld
Title: President
/s/ Henry Brachfeld
Henry Brachfeld
/s/ Lilian Brachfeld
Lilian Brachfeld
EXCALIBUR LIMITED PARTNERSHIP
By: Excalibur Capital Management, Inc.,
General Partner
By: /s/ William S. Hechter
Name: William S. Hechter
Title: Director
EXCALIBUR CAPITAL MANAGEMENT, INC.
By: /s/ William S. Hechter
Name: William S. Hechter
Title: Director
/s/ William S. Hechter
William S. Hechter
