Who developed the earliest stored-program computers, that was funded and purchased from Ferranti in the UK instead?
UTEC UTEC was a computer built at the University of Toronto (UofT) in the early 1950s. It was one of the first working computers in the world, although only built in a prototype form while awaiting funding for expansion into a full-scale version. This funding was eventually used to purchase a surplus Manchester Mark 1 from Ferranti in the UK instead, and UTEC quickly disappeared. The name was an acronym for "University of Toronto Electronic Computer".
IBM 1400 series The IBM 1400 series were second-generation (transistor) mid-range business decimal computers that IBM marketed in the early 1960s. The computers were offered to replace tabulating machines like the IBM 407. The 1400-series machines stored information in magnetic cores as variable length character strings separated at the left and right by a special flag, called word mark. Arithmetic was performed digit-by-digit. Input and output support included punched card, magnetic tape, and high speed line printers. Disk storage was also available.