Difference between revisions of "1966"

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== General information ==
== 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 ==
== Notable company events ==
* Commodore's Irish subsidiary, Commodore Industries Limited ceased operations.
* 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 ==
== Products ==
Commodore continued to manufacture and/or market steel office equipment, typewriters, radio-stereo equipment and copy machines. Wording in the 1966 annual report to shareholders suggests that with the sale of the Willy Feiler plant, Commodore is no longer dealing in adding machines but will be negotiating to have them manufactured under contract.
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 and profit ==

Revision as of 19:32, 16 August 2018

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