UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
NEWCOM, INC.
(Name of Issuer)
COMMON STOCK
(Title of Class of Securities)
651093-10-6
(CUSIP Number)
December 31, 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>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 2 OF 11 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 541,102
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
915,867
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
915,867
- - ------------------------------------------------------------------------- -
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)
7.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 3 OF 11 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 541,102
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
915,867
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
915,867
- - ------------------------------------------------------------------------- -
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)
7.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 4 OF 11 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 541,102
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
915,867
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
915,867
- - ------------------------------------------------------------------------- -
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)
7.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 5 OF 11 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 374,765
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
915,867
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
915,867
- - ------------------------------------------------------------------------- -
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)
7.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 6 OF 11 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 374,765
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
915,867
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
915,867
- - ------------------------------------------------------------------------- -
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)
7.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 7 OF 11 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 374,765
WITH: ---------------------------------------------------- -
7 SOLE DISPOSITIVE POWER
-0-
---------------------------------------------------- -
8 SHARED DISPOSITIVE POWER
915,867
- - ------------------------------------------------------------------------- -
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
915,867
- - ------------------------------------------------------------------------- -
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)
7.9%
- - ------------------------------------------------------------------------- -
12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IN
- - ------------------------------------------------------------------------- -
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 8 OF 11 PAGES
This Amendment No. 1 to Schedule 13G is being filed pursuant to Rule
13d-2(b) to report changes in the beneficial ownership of securities of the
Issuer as of December 31, 1998 from the information reported on the Filing
Persons' Schedule 13G dated December 10, 1998 (capitalized terms used herein
without definition have the meanings given them in such initial Schedule 13G).
Item 4. Ownership:
(a) Amount Beneficially Owned by Filing Persons:
P.R.I.F. 915,867
HBCI 915,867
Mr. Brachfeld 915,867
Excalibur 915,867
ECMI 915,867
Mr. Hechter 915,867
(b) Percent of Class:
P.R.I.F. 7.9%
HBCI 7.9%
Mr. Brachfeld 7.9%
Excalibur 7.9%
ECMI 7.9%
Mr. Hechter 7.9%
(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. 541,102
HBCI 541,102
Mr. Brachfeld 541,102
Excalibur 374,765
ECMI 374,765
Mr. Hechter 374,765
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 9 OF 11 PAGES
(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. 915,867
HBCI 915,867
Mr. Brachfeld 915,867
Excalibur 915,867
ECMI 915,867
Mr. Hechter 915,867
(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.
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 10 OF 11 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.
Dated: February 11, 1999
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
</PAGE>
SCHEDULE 13G
CUSIP NO. 651093-10-6 PAGE 11 OF 11 PAGES
EXCALIBUR CAPITAL MANAGEMENT, INC.
By: /s/ William S. Hechter
Name: William S. Hechter
Title: Director
/s/ William S. Hechter
William S. Hechter
