IBM 702
The IBM 702 was an early generation tube-based digital computer produced by IBM in the early to mid-1950s. It was the company's response to Remington Rand's UNIVAC—the first mainframe computer to use magnetic tapes. As these machines were aimed at the business market, they lacked the leading-edge computational power of the IBM 701 and ERA 1103, which were favored for scientific computing, weather forecasting, the aircraft industry, and the military and intelligence communities. Within IBM, the 702 was notable for adapting the new technology of magnetic-core memory for random-access applications. The 702 was announced September 25, 1953, and withdrawn October 1, 1954, but the first production model was not installed until July 1955. It was superseded by the IBM 705. History Fourteen 702s were built. The first one was used at IBM. Due to problems with the Williams tubes, the decision was made to switch to magnetic-core memory instead. The fourteenth 702 was built using magnetic-core memory, and the others were retrofitted with magnetic-core memory. The successor to the 702 in the 700/7000 series was the IBM 705, which marked the transition to magnetic-core memory. Overview The 702 was designed for business data processing. Therefore, the memory of the computer