Only three years ago, Commodore International of West Chester, Pa., was the hottest name in a hot game: home-computer sales. Its Commodore 64 was the Volkswagen of computers, a low-cost, dependable model that became the best- selling machine in the business. The company's earnings reached a record $144 million in its fiscal year 1984.
But when home-computer sales started to fizzle in late 1984, Commodore quickly began to lose its sizzle. Last week the company reported that it lost $53.2 million in the fourth quarter of 1985. That brought its total losses since June of 1984 to $206 million. During this...
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