View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
April 26, 1987


By CBR Staff Writer

Rather than risk another outsider for the top job at Commodore International Ltd, chairman Irving Gould has decided to take the vacant chief executive post himself – and he could well find his work cut out keeping the home computer maker on course over the next few months: Commodore is doing well enough in Europe, but that does not cut much ice back home, where performance in the US market is the yardstick by which US bankers and brokers measure a US-based company, and the deeply damaging wave of firings at the firm (CI No 668) have brought to light the fact that Commodore is still not home and dry with its re-financing programme, and that it has been working on an issue of convertibles with Dillon Read & Co to plug the gap; Alfred Duncan is back as US general manager and up to 40% of the 200 staff positions are likely to be eliminated this week, but that is by no means certain to be enough to keep investors in the firm happy; Commodore shares lost 12.5% of their value last Thursday, off $1.375 at $10.50.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.