1968

General information

This was Commodore's ten year corporate anniversary and marked Commodore's entry into the electronic calculator market with the Model AL-1000 electronic calculator. The AL-1000 was manufactured by Casio for Commodore in an OEM agreement. All of Commodore's adding machines are designed by Commodore's own R&D department and manufactured according to Commodore's specifications by a company in Japan.

Notable company events

• Commodore sold Associated Tool and Manufacturing Company, Ltd to Manfred Kapp and Kapp tendered his resignation in July, ending the long business relationship between Kapp and Tramiel.

• Commodore opened a new office in San Francisco, California (USA) and was planning to transfer the headquarters of Commodore's US operations to the new office.

• Commodore's research and development arm, formerly located in Newport, Connecticut (USA) was moved to a new location in Aptos, California (USA)

• Rose and Harrison, who had been Commodore's auditor since its inception, was replace by Arthur Andersen & Co.

Products

• Model AL-1000 electronic calculator, manufactured by Casio for Commodore under an OEM agreement.

• Model 401 standard multiplier was introduced in January.

• The Model 403 adding machine which will perform four arithmetic functions: addition, subtraction, multiplication and division was developed by Commodore's R&D team over the past two years and is expected to be released in 1968.

• Three new electronic calculators, 1121, 1161 and 1152P are expected to be released in 1968 or 1969.

Sales breakdown by product category in 1968 was 72% figuring machines, 12% typewriters and 16% office furniture.

Revenue and profit

Revenue	$4,475,552
Net profit (loss)	$200,898

Directors

Irving Gould - Toronto, Ontario

Jack Tramiel - Toronto, Ontario

Manfred Kapp - Toronto, Ontario

Thomas McGourty - Aptos, Calif.

David M. Perlmutter, C.A. - Toronto, Ontario

Officers

Irving Gould	Chairman of the Board
Jack Tramiel	President
Thomas McGourty	Vice-President, Manufacturing
David M. Perlmutter, C.A.	Secretary
Si Friend	Treasurer
Frederick S. Draper	Assistant Secretary

Head Office and Other Offices

Head Office	Commodore Business Machines (Canada) Ltd.	946 Warden Avenue	Scarborough, Ontario
Other Offices	Commodore Business Machines, Inc.	31 East 32nd Street	New York, New York 10016, U.S.A.
	Commodore Business Machines, Inc.	660 Dubuque Avenue	South San Francisco, California 94080, U.S.A.
	Commodore Business Machines, Inc.	7065 West Belmont Avenue	Chicago, Illinois 60634, U.S.A.
	Commodore S.A.	57 Avenue de Champel	1211 Geneva, Switzerland
	Commodore International Limited	P.O. Box 4852, Bolam House	Nassau, Bahamas

Annual report to shareholders

June 30, 1968: Commodore Business Machines (Canada), Ltd. Annual report to shareholders