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