General information
This was a year of financial reorganization and recovery for Commodore. They were forced to sell off assets just to survive after the Atlantic Acceptance collapse.
Notable company events
- Commodore's Irish subsidiary, Commodore Industries Limited ceased operations.
- On April 26, 1966, Commodore sold Willy Feiler Zahl-Und Rechenwerke GMBH, its West German manufacturing plant, for $2,858,000 to Litton Industries, Inc.
Products
Commodore continued to manufacture and market steel office equipment, typewriters, radio-stereo equipment and copy machines. With the sale of the Willy Feiler plant, Commodore was temporarily no longer dealing in adding machines but would be negotiating to have them manufactured under contract.
Revenue and profit
Revenue
|
$6,389,366
|
Net profit (loss)
|
$1,569,545
|
Directors
Irving Gould - Toronto
|
Chairman of the Board
|
Jack Tramiel - Toronto
|
President
|
Manfred Kapp - Toronto
|
Executive Vice-President
|
Thomas McGourty - Norfolk, Conn.
|
Vice-President
|
David Perlmutter CA - Toronto
|
Partner, Perlmutter, Orenstein, Giddens, Newman & Kofman, Chartered Accountants
|
Officers
Irving Gould
|
Chairman of the Board
|
Jack Tramiel
|
President
|
Manfred Kapp
|
Secretary-Treasurer
|
Thomas McGourty
|
Vice-President, Manufacturing
|
Robert P. Zupa
|
Vice-President, Planning and Development
|
Corporate entities and subsidiaries
Location |
Corporate Entity
|
Canada
|
Commodore Business Machines (Canada) Ltd.
|
Belpree Co., Limited
|
Humber Typewriters and Business Equipment Ltd.
|
Associated Tool & Manufacturing Ltd.
|
Pearlsound Distributors Limited
|
New York
|
Commodore Business Machines, Inc.
|
Commodore Drycopy, Inc.
|
Annual report to shareholders
June 30, 1966: Commodore Business Machines (Canada), Ltd. Annual report to shareholders