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".
Philco computers Philco was one of the pioneers of transistorized computers. After the company developed a surface barrier transistor, much faster than previous point-contact types, it was awarded contracts for military and government computers. Commercialized derivatives of some of these designs became successful business and scientific computers. The TRANSAC (Transistor Automatic Computer) Model S-1000 was released as a scientific computer. The TRANSAC S-2000 mainframe computer system was first produced in 1958, and a family of compatible machines, with increasing performance, was released over the next several years.