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Friday, April 29, 2016

April 29th

On this day - April 29th 1994 - The computer company "Commodore" declared bankruptcy 

Commodore International was established in 1954 and was an important contributer to the development of home computers in the 1970s and 1980s. They are probably best known for the Commodore 64 computer which was released in 1982. However, the company was also known for the way they treated their dealers and customers, which gave the firm a bad reputation. The computer Commodore released in 1987, Amiga 500, did not sell as well as their previous computer. Profit sank, but bonuses for executives stayed high and the company started to struggle. In 1992 was the A600 computer released, which was a complete failure. Even with new releases was Commodore never able to catch up to the lost market shares. In 1994 filed the company for bankruptcy and ceased to exist. A Commodore "cult" still exists today. Take a look at all the cool commodore items you can buy on Amazon such as Commodore 64, Commodore 1541 Single Floppy Disk Drive, Men's COMMODORE 64 1581 FLOPPY DISK DRIVE T-Shirt and Dragon's Lair - Amiga, 1989.





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