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On February 5, 2002, the Company acquired 100% of Marconi Data Systems, formerly known as Videojet Technologies (âVideojetâ), from Marconi plc in a stock acquisition, for approximately $400 million in cash including transaction costs.
Coleco first got their feet wet into the video game market with the introduction of the Coleco Telestar console. The Coleco Telestar was basically a Pong clone and sales started off strong initially, however due to production problems, Coleco would eventually lose $22.3 million through the sales of the Telestar systems.riginal Retail Price: $175 ($415.47 including inflation). History: The company Coleco was founded in Connecticut in 1932 originally as a manufacturer of leather supplies and as a shoemaker. Eventually Coleco would expand their business model to include making plastics and manufacturing kiddie pools.