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An IBM-built fare collection system is installed for BART, the San Francisco Bay Area Rapid Transit system.
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IBM's first operational application of speech recognition enables customer engineers servicing equipment to "talk" to and receive "spoken" answers from a computer that can recognize about 5,000 words. IBM also develops an experimental terminal that prints computer responses in Braille for the blind.
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Thomas J. Watson, Jr., retires and becomes chairman of the executive committee, and T. Vincent Learson succeeds him as IBM chairman of the board. Frank T. Cary is elected president.
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The IBM System/370 Model 195 is announced, the most powerful computer to date in IBM's product line. By year end, more than 1,300 System/370 deliveries are made worldwide.
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New peripheral products introduced in 1971 include the 3410 magnetic tape subsystem; the 3670 brokerage communications system; the 2730 transaction validation terminal for checking credit at point of sale; the "Selectric" II Typewriter with dual pitch; and the Communicating Mag Card "Selectric" Typewriter.
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A new IBM credit card service provides embossing, encoding and addressing under high-security conditions.
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IBM computers help guide Apollo 14 and 15 Moon landings and enhance photos taken by Mariner 9, the first spacecraft to orbit Mars.
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The Zurich laboratory builds transistor amplifiers and oscillators operating at 18 billion cycles per second, the highest transistor circuit frequency to date.
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New IBM manufacturing plants are opened at Bromont, Canada; Sumare, Brazil; and Yasu, Japan.
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Employees |
265,493
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Stockholders |
580,621 |
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Revenue |
$8.27 B
+ 10 % |
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Net earnings |
$1.07 B
+ 6 % |
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