Commodore International Ltd. Folds: The company, a pioneer in the personal computer industry, said it is going out of business. The West Chester, Pa., firm plans to transfer its assets to unidentified trustees “for the benefit of its creditors” and has placed its major subsidiary, Commodore Electronics Ltd., in voluntary liquidation. “This is the initial phase of an orderly voluntary liquidation of both companies,” Commodore said in a brief statement. Company executives could not be reached for comment. Commodore started 40 years ago as a typewriter repair company in the Bronx. Its extension to the adding machine business paved the way for it to make calculators and then personal computers by the mid-1970s.
From Times Staff and Wire Reports