Difference between revisions of "1967"
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== General information == |
== General information == |
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Having lost their primary manufacturing plant in the wake of the Atlantic Acceptance collapse, Commodore negotiated a new manufacturing arrangement with a Japanese company in 1967 such that they could resume the manufacture of adding machines. It was in this year that Commodore made plans to enter the electronic calculator market but it would not be until 1968 that Commodore was able to put a product to market. |
Having lost their primary manufacturing plant in the wake of the Atlantic Acceptance collapse, Commodore negotiated a new manufacturing arrangement with a Japanese company in 1967 such that they could resume the manufacture of adding machines. It was in this year that Commodore made plans to enter the electronic calculator market but it would not be until 1968 that Commodore was able to put a product to market. |
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Also in 1967, Commodore terminated its lease agreements with Macy's and Bamberger's, which brought to an end Commodore's practice of operating retail office machine sales departments in those stores. |
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== Notable company events == |
== Notable company events == |
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Revision as of 14:28, 19 August 2018
General information
Having lost their primary manufacturing plant in the wake of the Atlantic Acceptance collapse, Commodore negotiated a new manufacturing arrangement with a Japanese company in 1967 such that they could resume the manufacture of adding machines. It was in this year that Commodore made plans to enter the electronic calculator market but it would not be until 1968 that Commodore was able to put a product to market.
Also in 1967, Commodore terminated its lease agreements with Macy's and Bamberger's, which brought to an end Commodore's practice of operating retail office machine sales departments in those stores.
Notable company events
Products
Revenue and profit
| Revenue | $4,029,172* |
| Net profit (loss) | ($224,306) |
- Net revenue was later restated as $3,334,787 as a result of changing the company's auditor from Rose & Harrison to Arthur Andersen & Co.
Directors
| Irving Gould - Toronto |
| Jack Tramiel - Toronto |
| Manfred Kapp - Toronto |
| Thomas McGourty - Norfolk, Conn. |
| David Perlmutter, C.A. - Toronto |
Officers
| Irving Gould | Chairman of the Board |
| Jack Tramiel | President |
| Manfred Kapp | Vice-President and Secretary-Treasurer |
| Thomas McGourty | Vice-President, Manufacturing |
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. |
| Nassau, Bahamas | Commodore International Limited |
| Geneva, Switzerland | Commodore S.A. |
June 30, 1967: Commodore Business Machines (Canada), Ltd. Annual report to shareholders