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
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$4,475,552
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Net profit (loss)
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$200,898
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Directors
Irving Gould - Toronto, Ontario
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Jack Tramiel - Toronto, Ontario
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Manfred Kapp - Toronto, Ontario
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Thomas McGourty - Aptos, Calif.
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David M. Perlmutter, C.A. - Toronto, Ontario
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Officers
Irving Gould
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Chairman of the Board
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Jack Tramiel
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President
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Thomas McGourty
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Vice-President, Manufacturing
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David M. Perlmutter, C.A.
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Secretary
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Si Friend
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Treasurer
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Frederick S. Draper
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Assistant Secretary
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Head Office and Other Offices
Head Office
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Commodore Business Machines (Canada) Ltd.
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946 Warden Avenue
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Scarborough, Ontario
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Other Offices
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Commodore Business Machines, Inc.
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31 East 32nd Street
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New York, New York 10016, U.S.A.
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Commodore Business Machines, Inc.
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660 Dubuque Avenue
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South San Francisco, California 94080, U.S.A.
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Commodore Business Machines, Inc.
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7065 West Belmont Avenue
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Chicago, Illinois 60634, U.S.A.
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Commodore S.A.
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57 Avenue de Champel
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1211 Geneva, Switzerland
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Commodore International Limited
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P.O. Box 4852, Bolam House
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Nassau, Bahamas
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Annual report to shareholders
June 30, 1968: Commodore Business Machines (Canada), Ltd. Annual report to shareholders