Wang Laboratories
Wang founded Wang Laboratories in June 1951 as a sole proprietorship. The first years were lean and Wang raised $50,000 working capital by selling one third of the company to a machine tools manufacturer Warner & Swasey Company. In 1955 when the core memory patent was issued, Wang sold it to IBM for $500,000 and incorporated Wang Laboratories with Dr. Ge-Yao Chu, a schoolmate. The company grew slowly and in 1964 sales reached $1,000,000. Wang began making desktop electronic calculators with digital displays, including a centralised calculator with remote terminals for group use.
By 1970 the company had sales of $27 million and 1,400 employees. They began manufacturing word processors in 1974, copying the already popular Xerox Redactron word processor, a single-user, cassette-based product. In 1976 they started marketing a multi-user, display-based product, based on the Zilog Z80 processor. Typical installations had a master unit (supplying disk storage) connected to intelligent diskless slaves which the operators used. Connections were via dual coax using differential signaling in an 11-bit asynchronous ASCII format clocked at 4.275 MHz. This product became the market leader in the word processing industry. In addition to calculators and word processors, Wang's company diversified into minicomputers in the early 1970s. The Wang 2200 was one of the first desktop computers with a large CRT display and ran a fast hardwired BASIC interpreter. The Wang VS system was a multiuser minicomputer whose instruction set was very close to the design of IBM's System/370. It was not binary-compatible because register usage conventions and system call interfaces were different. The Wang VS serial terminals could be used in data processing mode and word processing mode. They were user-programmable in data-processing mode and used the same word processing software as the earlier dedicated word processing systems.
Wang Laboratories, which in 1989 employed over 30,000 people, was headquartered in Tewksbury, Massachusetts and later Lowell, Massachusetts. When Wang looked to retire from actively running his company in 1986, he insisted upon handing over the corporate reins to his son Fred Wang. Hard times ensued for the company and the elder Wang was eventually forced to remove his son in 1989.
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