Difference between revisions of "1962"
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== Officers and Directors == |
== Officers and Directors == |
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|Jack Tramiel |
|Jack Tramiel |
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|Manfred Kapp |
|Manfred Kapp |
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|Benjamin Oremland |
|Benjamin Oremland |
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|Harry Wagman |
|Harry Wagman |
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|Carman George King |
|Carman George King |
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|Carl Morton Solomon |
|Carl Morton Solomon |
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== Corporate entities and subsidiaries == |
== Corporate entities and subsidiaries == |
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!Location!!Corporate Entity |
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|rowspan="2"|Toronto, Ontario |
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|Commodore Business Machines (Canada) Ltd. |
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|Commodore Drycopy Ltd. |
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|rowspan="2"|New York, N.Y. |
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|Commodore Drycopy, |
|Commodore Drycopy, Inc. |
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Revision as of 18:06, 29 June 2018
General information
Commodore was operating as a supplier of office machines for small and medium sized businesses. Commodore's main product lines in 1962 were portable typewriters and adding machines being sold in leased department store locations in Canada and the United States.
Commodore expanded into the field of copying machines by creating two new subsidiaries: Commodore Drycopy, Inc. (New York) and Commodore Drycopy, Ltd. (Toronto). Commodore studied the three major copying technologies of the day: diffusion transfer, electrostatic and thermographic, and decided to enter the thermographic market. There were already over 100 different manufacturers of diffusion transfer copying machines so competition would be harsh in that market and the electrostatic method was considered to be too expensive for the small to medium sized business customers. Further, the thermographic machines required special thermal-sensitive paper which Commodore saw as a recurring revenue source well beyond the initial sale of the copying machine.
Notable company events
Commodore Portable Typewriter Company, Ltd was renamed to Commodore Business Machines (Canada), Ltd and converted to a publicly traded company by Supplementary Letters Patent on February 7, 1962.
Products
A full list of all products is not available, but the Commodore Drycopy, "Quick" electric adding machine, a mechanical adding machine and the newest designed portable typewriter were highlighted in the 1962 annual report and are shown in this picture.
Revenue and profit
| Revenue | $3,575,419.29 |
| Net profit | $150,938.34 |
Officers and Directors
| Jack Tramiel | President |
| Manfred Kapp | Secretary-Treasurer |
| Benjamin Oremland | Attorney |
| Harry Wagman | Certified Public Accountant |
| Carman George King | Investment Dealer |
| Carl Morton Solomon | Solicitor |
Corporate entities and subsidiaries
| Location | Corporate Entity |
|---|---|
| Toronto, Ontario | Commodore Business Machines (Canada) Ltd. |
| Commodore Drycopy Ltd. | |
| New York, N.Y. | Commodore Business Machines, Inc. |
| Commodore Drycopy, Inc. |
June 30, 1962: Commodore Business Machines (Canada), Ltd. Annual report to shareholders