NewCom, Simple Technology Call Off Sale

NewCom Inc. and Santa Ana-based Simple Technology Inc. said Thursday they have called off plans for Simple to sell a chunk of its business to the Westlake Village company, which makes computer peripherals.

The companies attributed the decision to “current market conditions.” NewCom’s stock, which traded as high as $18 earlier this year, fell to a 52-week low of $2.38 a share last month. The shares closed Thursday at $4.75, off 44 cents.

NewCom had planned to purchase Simple’s so-called aftermarket business, which focuses on products designed to be added by PC users after they purchase the machines. Financial terms of the deal were not disclosed when it was announced in June.