Osborne (computer retailer)

When Osborne Corporation USA collapsed changes in the Australian business entity occurred whereas Falinsky's company retained the Osborne Company name transitioning into IBM PC compatibles in the mid-1980s and had great success with both business and government clients.

As cited, the fact remains that in 1982, Osborne Corporation was originally represented in Australia exclusively by President Computers Pty Ltd headed by Tom Cooper, a Captain of Industry in the emerging Australian PC era.

The marketing push was financed by demanding that customers place a 100% deposit and then wait six weeks before picking up their new system, and by buying components on ever more generous credit terms from major suppliers like Micronics and Seagate.

For about six months the new policy was remarkably effective: Osborne sales boomed and competitors were unable to match their prices.

Inevitably, the currency movement swung back the other way eventually, and Osborne were placed on credit hold by several of their major suppliers: unable to secure more components until at least some of the previous shipments had been paid for, and unable to ship the promised new computers to the many customers who had long since paid in full for them, Osborne went into Voluntary Administration on 25 June 1995.