Word: ibm
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Dates: during 1960-1969
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...correct these problems, the Center has ordered an IBM 360/50. The computer, which will be linked to the accelerator through a cable, was chosen because it can handle input-output devices like magnetic tapes and punch cards while it is performing computations...
From New York, IBM gives shared-time services to 50 customers, including Union Carbide and the Bank of California. Under G.E.'s system, a company can rent the big G.E. 265 for 25 shared hours a month for only $350, compared with a normal monthly rent of $13,000 for individual computers...
...reduced to one-fiftieth the time needed to answer a problem, have found access to a large computer more profitable than ownership of a small or medium-sized machine. The Massachusetts In stitute of Technology, one of the pioneers in time sharing, now has 400 users for its IBM 7094 computer, has served scientists as far away as Nor way and Argentina. Experts predict that by 1970 time sharing will account for at least half of an estimated $5 billion computer business, will be used as widely and easily as the telephone switchboard...
Still, many a blue-chip stock, among them IBM, General Electric and General Motors, reached new highs. Though the market had gained 62½ points in the past two months, increasing the chance for a corrective dip, Wall Street remained determinedly optimistic. Whatever happens to stock prices, trading activity seems to have reached a new high plateau, where commission profits are keeping the brokers happy...
...Bedford Incident. Assigned to track Soviet submarine movements in the North Atlantic, the destroyer U.S.S. Bedford is laden with detecting devices, rocket-booster torpedoes and predatory instincts. "A floating IBM machine," says Medico Martin Balsam, who wishes he were back in the Reserves. Bedford's crewmen look more like science majors than sea dogs. They don't play poker, they don't go on sick call. Furthermore, Balsam grumbles: "Can you picture any of these guys singing Anchors Aweighl...