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Computing (FOLDOC) dictionary
Commodore Business Machines
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company (CBM) Makers of the PET, Commodore 64,
On 29 April 1994, Commodore International announced that it
had been unable to renegotiate terms of outstanding loans and
was closing down the business. Commodore US was expected to
go into liquidation. Commodore US, France, Spain, and Belgium
were liquidated for various reasons. The names Commodore and
Amiga were maintained after the liquidation.
On 1995-04-21 CBM was bought by Escom AG, a German company
and production of the Amiga resumed. Production of the 8-bit
range alledgedly never stopped during the time in liquidation
because a Chinese company were producing the C64 in large
numbers for the local market there.