Atari
In January 1984, Tramiel resigned from Commodore, because of disagreement "on the basic principles—how to run the company". After a short break from the computer industry, he formed a new company named Tramel Technology, Ltd., in order to design and sell a next-generation home computer. The company was named "Tramel" to help ensure that it would be pronounced correctly (i.e., "tra - mel" instead of "tra - meal").
In July 1984, Tramel Technology bought the Consumer Division of Atari Inc. from Warner Communications. The division had fallen on hard times, due to the video game crash of 1983. TTL was then renamed Atari Corporation.
In the late 1980s, Tramiel decided to step away from day-to-day operations at Atari, naming his son, Sam, President and CEO. In 1995, Sam suffered a heart attack, and his father returned to oversee operations. In 1996, Tramiel sold Atari to disk-drive manufacturer Jugi Tandon Storage in a reverse merger deal. The newly merged company was named JTS Corporation, and Tramiel joined the JTS board.
Read more about this topic: Jack Tramiel