Franklin Computer, maker of Apple-compatible computers, has filed for reorganisation under Chapter 11 of the US Federal Bankruptcy Code. In a prepared statement, Franklin president, Morton David said the company was experiencing falling sales and a “strain in financial resources’. To date, the company has about $US33.9 million in assets and $US22.8 million in liabilities, a spokesperson said. The company owes significant sums to at least 20 unsecured creditors. Under Chapter 11, acompany is protected from its creditors while it reorganises, which usually takes several years.

by David A. Bright from the July 1983 issue of Mini-Micro Systems magazine Franklin Computer Corp., once considered just another Apple Computer Inc. clone, is being closely monitored by the personal computer industry as it begins to move away from Apple’s shadow. With the hiring last spring of several key research and development personnel, Franklin has indicated that it intends to become a major independent personal computer supplier. Franklin’s first big move was hiring Avram Miller, former manager of Digital Equipment Corp.