Franklin Electronic Publishers, Incorporated (formerly Franklin Computer Corporation) is an American consumer electronics manufacturer based in Burlington, New Jersey, founded in 1981. Since the mid-1980s, it has primarily created and sold hand-held electronic references, such as spelling correctors, dictionaries, translation devices, medical references, and Bibles. It was publicly traded on the American Stock Exchange under the symbol FEP until September 30, 2009, when it merged with Saunders Acquisition Corporation. Early history Franklin was founded in 1981 by Barry Borden, Russell Bower, and Joel Shusterman as Franklin Computer Corporation. It manufactured clones of the Apple II series computer, which it first marketed in 1982. In early 1982, Franklin released the Franklin ACE 100, and in March of the same year, the Franklin ACE 1000; they were very close copies of the Apple II and Apple II Plus computers, respectively. The motherboard design is nearly identical and Franklin also copied Apple's ROMs. Two months later, Apple Computer sued Franklin for copyright violation. Franklin initially won, but ultimately lost. (See Apple Computer, Inc. v. Franklin Computer Corp..) Franklin followed with the ACE 1200, which included two built-in 5¼" floppy drives and an ACE 80 Zilog Z80 processor card (a rebranded PCPI Appli-Card) for CP/M compatibility—a popular third-party option for the Apple II. The ACE 1200 was identical to the ACE 1000, but with the addition of dual built-in floppy drives and four expansion cards pre-installed (one of which offered color video; the ACE 1000 was monochrome). At its peak workforce in 1983, Franklin employed 450 employees. In August 1983, a court ruled against Franklin, which had argued that because computer code generally did not exist in printed form, it could not be copyrighted. Franklin freely admitted it had copied Apple's ROM and operating system code. However, Franklin was able to get an injunction that allowed it to continue marketing its computers. This case had lasting implications, setting precedent for copyright and reverse engineering. The case was still frequently cited more than 30 years after the August 1983 ruling. In June 1984, Franklin filed for reorganization under Chapter 11 of the Federal Bankruptcy Act. Franklin reduced its workforce to just over 100, from a previous total of 275 employees. Franklin had been planning to release the Franklin CX, a portable Apple II clone, but this release was cancelled due to the bankruptcy. Starting in October 1985, Franklin released a second-generation line of Apple II