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IBM introduces the IBM 608 transistor calculator, the first all solid-state computing machine commercially marketed. The 608 paved the way for more powerful transistorized computers, and marked IBM's new computing design direction, which was formalized in a 1957 policy statement: "It shall be the policy of IBM to use solid-state circuitry in all machine developments. Furthermore, no new commercial machines or devices shall be announced which make primary use of tube circuitry." |
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IBM engineers jointly develop magnetic core storage units, a dramatic improvement over cathode ray tube memory technology. IBM greatly improved the manufacture of these tiny, "doughnut" shaped, iron oxide cores by successfully adapting pill-making machines for production, making the cores reliable and cost effective enough to serve as the basic technology behind every computer's main memory until the early 1970s. |
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IBM announces the 858 Cardatype accounting machines, a series of high-speed printers.
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Employees |
56,297 |
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Revenue |
$696 M
+ 22 % |
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Net earnings |
$73 M
+ 24 % |
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