I/OMagic Wins $250,000 in Arbitration

IRVINE —  I/OMagic Corp. said Wednesday it has won a $250,000 arbitration award against a Delaware company that was accused of reneging on a product order. I/OMagic said IPC Technologies, now known as GV Computer Systems, ordered a shipment of products in 1994, then refused to accept the order or pay for it. Irvine-based I/OMagic makes PC multimedia cards.