2 of Netcom’s Original Investors Quit Board
Times Staff and Wire Reports
Netcom On-Line Communication Services Inc. said two of its original investors have resigned from the company’s board. The Internet access provider said Lawrence Lepard and Ofer Nemirovsky, both 38, resigned, bringing the number of members on its board to five. Netcom didn’t say why they left. It said it doesn’t plan on replacing the board members. The San Jose-based company released the news after the close of U.S. trading. Netcom shares fell 75 cents to close at $13 on Nasdaq, an all-time low. The company said Dec. 18 that it would back away from the consumer online market it helped pioneer and focus instead on the business market.
