Difference between revisions of "1968"
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== General information == |
== General information == |
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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. |
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== Notable company events == |
== Notable company events == |
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* 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. |
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* 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. |
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* Commodore's research and development arm, formerly located in Newport, Connecticut (USA) was moved to a new location in Aptos, California (USA) |
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* Rose and Harrison, who had been Commodore's auditor since its inception, was replace by Arthur Andersen & Co. |
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== Products == |
== Products == |
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* Model AL-1000 electronic calculator, manufactured by Casio for Commodore under an OEM agreement. |
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* Model 401 standard multiplier was introduced in January. |
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* 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. |
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* Three new electronic calculators, 1121, 1161 and 1152P are expected to be released in 1968 or 1969. |
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Sales breakdown by product category in 1968 was 72% figuring machines, 12% typewriters and 16% office furniture. |
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== Revenue and profit == |
== Revenue and profit == |
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{| |
{| |
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|Revenue |
|Revenue |
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|$4, |
|$4,475,552 |
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|- |
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|Net profit (loss) |
|Net profit (loss) |
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| |
|$200,898 |
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|} |
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{|class="wikitable" |
{|class="wikitable" |
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|Irving Gould - Toronto |
|Irving Gould - Toronto, Ontario |
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|Jack Tramiel - Toronto |
|Jack Tramiel - Toronto, Ontario |
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|Manfred Kapp - Toronto |
|Manfred Kapp - Toronto, Ontario |
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|Thomas McGourty - |
|Thomas McGourty - Aptos, Calif. |
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|David Perlmutter, C.A. - Toronto |
|David M. Perlmutter, C.A. - Toronto, Ontario |
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|Jack Tramiel |
|Jack Tramiel |
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|President |
|President |
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⚫ | |||
|Manfred Kapp |
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|Vice-President and Secretary-Treasurer |
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|- |
|- |
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|Thomas McGourty |
|Thomas McGourty |
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|Vice-President, Manufacturing |
|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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|} |
|} |
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== |
== Head Office and Other Offices == |
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{|class="wikitable" |
{|class="wikitable" |
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|- |
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!Location!!Corporate Entity |
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|rowspan="5"|Canada |
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|Commodore Business Machines (Canada) Ltd. |
|Commodore Business Machines (Canada) Ltd. |
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|946 Warden Avenue |
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|Scarborough, Ontario |
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⚫ | |||
|Belpree Co., Limited |
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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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|Associated Tool & Manufacturing Ltd. |
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|Pearlsound Distributors Limited |
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|Commodore Business Machines, Inc. |
|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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|57 Avenue de Champel |
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|Commodore International Limited |
|Commodore International Limited |
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|P.O. Box 4852, Bolam House |
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Latest revision as of 16:07, 3 September 2018
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 |
June 30, 1968: Commodore Business Machines (Canada), Ltd. Annual report to shareholders