CALIFORNIA | LOCAL
April 12, 2012 |
Jack Tramiel, the tough and aggressive Commodore International founder who brought millions of people into the world of personal computers in the late 1970s and early '80s with his low-cost PCs, has died. He was 83. Tramiel, who lived in Monte Sereno, Calif., died Sunday at Stanford Hospital in Palo Alto , said his son, Leonard. He had been suffering from congestive heart failure for many years. A Polish-born survivor of the Auschwitz concentration camp who began his business career with a typewriter repair shop in the Bronx in the early 1950s, Tramiel (pronounced tra-MELL)
September 29, 1985
Sig Schreyer, vice president and general manger of Sunnyvale-based Atari Corp. left the company after five months following a dispute with Chairman Jack Tramiel. In addition, James Copland, vice president for marketing, resigned to start a new company to provide sales and distribution for software makers. He added that he left on good terms with Tramiel.
October 14, 1987 |
Hard on the heels of Federated Group's purchase by computer maker Atari, three of the troubled consumer electronics retailer's top executives have resigned. They are Wilfred Schwartz, 59, who was chairman and is expected to become an Atari director; Keith Powell, 42, president, and Michael Pastore, 38, senior vice president of operations. The three apparently tendered their resignations from the City of Commerce company Monday.
January 10, 1985 |
Stock in Commodore International Ltd. fell Wednesday in heavy trading after sources in computer industry trade publications speculated that the company will have to lower the price of its popular Commodore 64 to meet competition from Atari Corp.'s 64XE, which was introduced last weekend at the recent Consumer Electronics Show in Las Vegas. The stock fell $0.75 to $15.625, with 918,100 shares trading hands.
September 19, 1986 |
Atari, the computer and video-game manufacturer acquired by businessman Jack Tramiel two years ago, said Thursday that it hopes to sell up to 5 million shares--18% of its common stock--to the public for about $70 million. If the offering proceeds, Atari will pay its former owner, Warner Communications, $36 million in cash and 25% of the company's stock, according to the registration statement filed at the Securities and Exchange Commission.
October 29, 1988 |
After years of testing its luck with a number of small Los Angeles area ad agencies--and even trying to create and place its own ads--the Federated home electronics chain on Friday took its $25-million advertising business to Sacramento. The change, however, caught few ad executives by surprise. The Federated Group was purchased last year by Atari Corp., and the agency it hired--the recently created retail division of DDB Needham Worldwide--creates and places ads for Atari.