Coleco was a leather company, turned swimming / kiddie pool company, turned toy company most well known for the their ColecoVision game console and Cabbage Patch Kids dolls. Coleco is an acronym for Connecticut Leather Company. They went out of business after an ill fated attempt to enter the home computer market in 1983 with a less than adequate system based on their hit ColecoVision game console cost stem $80,000,000 and they pulled out of electronics all together in 1985 and filed for bankruptcy in 1988.