| Business Summary | | Nexar
Technologies,
Inc.
manufactures
"future-ready"
personal
computers
(PCs)
that
are
readily
upgradeable
using
industry-standard
components.
Nexar
PCs,
which
are
based
on
patented
and
patent-pending
technologies,
enable
end
users
to
reduce
total
cost
of
ownership
(TCO),
protect
their
technology
investments
and
extend
the
lifecycle
of
their
PC.
Unlike
conventional
PCs,
NEXAR
systems
allow
end
users
to
easily
upgrade
or
switch
important
components
of
the
PC
to
accommodate
emerging
and
future
technologies,
resulting
in
a
significant
extension
of
the
computer's
useful
life.
NEXAR
sells
a
high
performance
system
that
can
be
shipped
to
resellers
without
the
key
system-defining
components
(microprocessor,
memory
and
hard
drive),
but
that
is
otherwise
fully
configured. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nexar
develops,
manufactures,
and
markets
high-performance,
competitively-priced
desktop
personal
computers
based
on
patent
and
patent-pending
technologies.
For
the
nine
months
ended
9/30/98,
revenues
fell
55%
to
$10
million.
Net
loss
applicable
to
Common
rose
44%
to
$14.6
million.
Revenues
reflect
increased
competition
from
larger
manufacturers,
and
concern
about
the
Company's
future
viability.
Higher
loss
also
reflects
increased
rent
and
legal
expenses. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1997 Pay | |
| Albert Agbay, 49 Chairman,
Pres and CEO | $422K | Michael Paciello, 46 Exec.
VP of Sales | 173K | Liaqat Khan, 46 Exec.
VP of Manufacturing | 249K | Gerald Hattori, 46 VP
of Fin., CFO and Treasurer | -- | E. Conrad, 39 VP
of Marketing | 158K | Dollar amounts are as of 31-Dec-1997 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|