CompuServe Messages

commodore earnings

    01-Feb-89 09:15:31
Fm: Dave Lipshutz 72475,557
To: RON TROY 76064,252
sales were up 24 percent, to 349 million. Net income was up 74% to 38.2 million. The only breakdowns available: Increase in sales in Amiga, pc, and 64/128 business. Europe 70% of sales. Several european markets and asia was up 50%. Sales increased moderately in north america. No other breakdowns available. Commodore announced today that Medhi Ali would assume the role of President of commodore international. He was a managing director at dillon reade, working with commodore for 3 years, and recently was elected to the board of directors. Irving Gould will continue on as chairman of the board. Also, Harald Speyer, head of european operations will be leaving commodore. The parting is said to have been amicable, and he will be going into business for himself. He will remain as a consultant to commodore for the next year.