Skip to main content

 
IBM Archives > Exhibits > History of IBM > 1950s > 

1952

 
 
Introduction Timeline
  1880s
  1890s
  1900s
  1910s
  1920s
  1930s
  1940s
  1950s
  1960s
  1970s
  1980s
1990s
  2000s
  1950
  1951
  1952
  1953
  1954
  1955
  1956
  1957
  1958
  1959

IBM 701 the company's first production computer IBM signals its commitment to electronic computing as it introduces the IBM 701, the company's first production computer and a watershed in the computing industry. Designed primarily for scientific calculations, the 701 features the IBM-invented tape drive vacuum column, an innovation which paved the way for magnetic tape to become a popular storage medium.
Magnetic tape drive vacuum column IBM introduces the magnetic tape drive vacuum column. Prior to the vacuum column, fragile magnetic tape was seen as a viable storage medium but was plagued by breakages as it was subjected to sudden starts and stops; IBM devised a solution where the tape was held down by a vacuum during these rapid accelerations and decelerations. Its use in the IBM 701 signaled the beginning of the era of magnetic storage, for its buffering technique would become widely adopted throughout the industry.
Thomas J. Watson, Jr., becomes IBM President.

 
People
  Employees 41,458  

Finance
  Revenue $412 M
+ 23 %
 
  Net earnings $34 M
+ 6 %
 
  Dividend 5%