Talk:Coleco

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What a second? Maurice Greenberg is 78 years old as of 2004. If that is correct, he couldn't have founded Coleco in 1932 at age 6! Previous unsignedcomment dated 02:33, 19 December 2005

If there's a Maurice Greenberg born in '1926, it wasn't the founder of Coleco. What data do you have? Coleco was definitely founded by a guy named Greenberg, whose two sons took over the business. We called them Lenny & Squiggy. They had a very high opinion of their ability which was not necessarily borne out b event. One of the problems we had was immense overhead from building an HQ during the fat days of Cabbage Patch that became a huge burden when the craze fell back to normal levels; another was a tendancy to go for sales rather than profit. It was really fun in the short run, not so much fun in the long run. rewinn 06:25, 16 July 2006 (UTC)?

[edit] "teetered on the edge of bankruptcy"

I wonder if this section can be expanded a little bit. I'm curious how a company can be teetering on the edge of bankruptcy in 1984, when in 1983 they introduced one of the most successful toy lines ever (the Cabbage Patch Dolls) --68.47.81.141 08:11, 13 November 2006 (UTC)

Well, that's a good point. Coleco's mismanagement of its CPK wealth should be legendary, but it didn't actually crash until 1988 per http://query.nytimes.com/gst/fullpage.html?res=950DE6D8113BF930A25754C0A96F948260 http://www.nemesisworld.com/starcom/coleco.html . Also I think the Colecovision lasted at least until 1985, according to the history at http://www.thedoteaters.com/p3_stage4.php ... rewinn 05:51, 14 November 2006 (UTC)