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February 7, 1989


By CBR Staff Writer

The name and the cheapo MS-DOS clone business of privately-held Leading Edge Products Inc, Newton, Massachusetts is changing hands at a sum the Wall Street Journal puts at $921,000. The buyer is one of Leading Edge’s biggest dealers, PC Systems Inc in Riviera Beach, Florida. The agreement to sell follows a cash crunch at $200m-a-year Leading Edge that saw 75 of its 200 employees laid off, and left a warehouse in Los Angeles stacked with a reported 20,000 machines from Daewoo America International Corp, the US marketing arm of Daewoo Electronics Corp, South Korea. Leading Edge founder Michael Shane puts the crunch and the sale down to the protracted litigation with its previous supplier of personal computers, Mitsubishi Electric Corp. Shane is said to be planning to continue a Leading Edge business selling training videos, and to plan a re-entry into the computer business with products from a parts supplier, Cardinal Technologies Inc.

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