The Avon, Conn., company's stock hit a high in 1983 after it unveiled its Adam home computer, but the product was plagued with glitches and the company's fortunes plunged. But Coleco bounced back with the introduction of the Cabbage Patch dolls, whose sales hit $600 million in 1985.
Company stock hit a high in 1983 after unveiling Adam home computers, the product was plagued with glitches and the company's fortunes plunged. Coleco introduced Cabbage Patch Dolls, hitting $600 million in 1985