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AES: a Canadian cautionary tale

When Venture first launched in 1985, one stated goal was to be a TV version of the Wall Street Journal's front page: lively, lucid and wide-ranging. It's about business, but it's not just for businessmen and businesswomen. Venture covered all the aspects of the economy in Canada and beyond: prices, profits, personnel, innovation and ideas as they affect any business. From farms to fishing boats, boardrooms to barbershops, Venture was about the business of making a living.

Venture brings you the cautionary tale of Automatic Electronic Systems (AES), a Canadian firm that should have had it all, but instead destroyed itself with bad decisions. A pioneer in the word processing industry, AES was poised for greatness, but mismanagement and money woes left the company bankrupt a year after its founding. Host Patrick Watson takes you inside the disaster of AES.
Automatic Electronic Systems' first product, the AES-90, combined a cathode ray screen with a floppy disk drive and a microprocessor. The design was an unqualified success... for IBM. Starting in 1982, IBM used the innovative concept for its line of personal computers.
Medium: Television
Program: Venture
Broadcast Date: Feb. 4, 1985
Guest(s): Stephen Dorsey, Serge Gouin, Tony Hampson, Gene Milner, Walter Steele
Host: Patrick Watson
Reporter: Peter Raymont
Duration: 24:28

Last updated: January 26, 2012

Page consulted on December 13, 2012

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