April 18, 1983
The Osborne Computer Corporation officially announced the Osborne Executive portable computer, the follow-up to its extremely successful Osborne 1. This is the computer that according to lore, took down the company. Known as the Osborne Effect, the legend is that by leaking the announcement of this computer earlier in the year, dealers cancelled all orders for the Osborne 1, effectively destroying the company’s cashflow and hindering operations going forward. This resulted in the cancellation of the company’s IPO and eventually to bankruptcy.
The reality may not be so simple, but my research shows that the Osborne Effect may have been a contributing cause to the company’s demise, along with the rise of competitors, the introduction of the IBM PC, and mismanagement by the company’s president, brought in by investors to provide “adult supervision”.