At the 1985 summer Consumer Electronics Show, Jack Tramiel’s Atari Corporation demonstrated a CD-ROM drive running the Grolier’s KnowldegeDisc, a digital version of the Grolier’s encyclopedia based on software created by Gary Kildall’s Activenture, Inc. At the time, Tramiel and his team said they would soon ship a working CD-ROM drive for its new Atari 520ST computer that would cost no more than $500.

It was a ludicrous promise. The companies actually developing CD-ROM players in late 1985, such as Sony, Hitachi, and Philips, were all quoting retail prices of between $700 and $1,000. Even Tramiel knew that he wouldn’t be able to deliver a $500 CD-ROM drive in 1985. That didn’t stop him from continuing to promise it in 1986 or 1987 or 1988, however.