History
Leading Edge was founded in 1980 by Michael Shane. At the outset, they were a PC peripherals company selling aftermarket products such as Elephant Memory Systems brand floppy disk media ("Elephant. Never forgets") and printer ribbons, and acting as the sole North American distributor/reseller of printers from the Japanese manufacturer, C. Itoh, the most memorable being the popular low-end dot-matrix printer, "The Gorilla Banana." In 1984 the company sold the computer aftermarket product line and sales division to Dennison Computer Supplies, a division of Dennison Manufacturing. In 1984, they began to use Daewoo parts, and in 1989, they were acquired by Daewoo, as part of their recovery from Chapter 11 bankruptcy. (Shane declared that the costs of a legal dispute with Mitsubishi lead to its bankruptcy). In October, 1995, Daewoo sold the company to Manuhold Investment AG, a Swiss electronics company. Leading Edge had sold 185,000 of its PC clones in the United States in 1994, but in 1995 sales fell from 90,000 in the first half to almost none in the second half. By 1997 the company was defunct.
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