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Commodore Holdings Ltd history
Commodore Holdings Ltd company history timeline
In need of new capital, Tramiel turned to Canadian investor Irving Gould, who in 1966 paid less than &Dollar;500,000 for control of 17.9 percent of Commodore's stock.
In 1969 they arranged to begin manufacturing calculators using semiconductor chips made by Texas Instruments.
In 1971 they introduced the C106, the first mass-market compact electronic calculator for consumers.
In 1973 Commodore made &Dollar;1.3 million on sales of &Dollar;32.8 million.
By 1974, although sales increased to &Dollar;49.8 million, earning began to fall due to a surplus of calculators on the market.
In 1979, a year when Commodore made &Dollar;6.5 million on sales of &Dollar;71.1 million, stock prices bolted from 5 1/2 to 48 7/8 before a 3-for-2 split.
Throughout the late 1970s and early 1980s Commodore continued to issue new products, including the CBM, which was aimed at the small business market and priced just under &Dollar;5,000. Its next real success came in late 1980 when it introduced the Vic 20, the first home computer priced under &Dollar;300.
Fueled by the success of the Vic 20 as well as the giddy atmosphere surrounding the personal computer industry, Commodore's share price rose to 138 1/4 before a 3-for-1 split in 1981.
Only 30 percent of the company's 1982 sales came from the United States.
Despite the lawsuit, Commodore went ahead with the deal and in July 1985 introduced the Amiga.
Thomas Rattigan, a former PepsiCo vice-president who had become Commodore's president in 1985, succeeded Smith as chief executive officer.
In 1989 it cleared &Dollar;50.1 million on sales of &Dollar;939 million.
As a result, Commodore reported a loss for its fourth quarter and yearly profits that fell to &Dollar;27.6 million from 1991's &Dollar;48.2 million.
The 2000 and its lower priced cousin, the Amiga 500, were lauded by the computer press and found a niche among sound and video enthusiasts.
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Commodore Holdings Ltd may also be known as or be related to COMMODORE HOLDINGS LTD and Commodore Holdings Ltd.