Timex Group USA, Inc. (formerly known as Timex Corporation) is an American global watch manufacturing company founded in 1854 as the Waterbury Clock Company in Waterbury, Connecticut. In 1944, the company became insolvent but was reformed into Timex Corporation. In 2008, the company was acquired by Timex Group B.V. and was renamed Timex Group USA.
Thomas Olsen purchased the Waterbury Clock Company in New York in 1941 and renamed it Timex, a portmanteau of the names of Time magazine and Kleenex.
Timex Sinclair was a joint venture established in December 1982 between the British company Sinclair Research and Timex Corporation in an effort to gain an entry into the rapidly growing early-1980s home computer market in North America.
The Timex Sinclair 1000 (or T/S 1000) was the first computer produced by Timex Sinclair, a joint venture between Timex Corporation and Sinclair Research. It was launched in July 1982, with a US sales price of US$99.95, making it the cheapest home computer at the time; it was advertised as "the first computer under $100". The computer was aimed at regular home users. As purchased, the T/S 1000 was fully assembled and ready to be plugged into home televisions, which served as a video monitor. The T/S 1000 was a slightly modified version of the Sinclair ZX81 with an NTSC RF modulator, for use with North American TVs, instead of PAL for European TVs. The T/S 1000 doubled the onboard RAM from 1 KB to 2 KB; further expandable by 16 KB through the cartridge port. The T/S 1000's casing had slightly more internal shielding but remained the same as Sinclair's, including the membrane keyboard, which had modified nomenclature to suit American tastes (e.g. "DELETE" instead of "RUBOUT") Just like the ZX81, the T/S 1000 had black-and-white graphics and no sound.
It was followed in 1983 by an improved version, the Timex Sinclair 1500 (or T/S 1500) which incorporated the 16 KB RAM expansion and featured a lower price (US$80). However, the T/S 1500 did not achieve market success, given that by this time the marketplace was dominated by Commodore, Radio Shack, Atari and Apple.
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