A Force in The Computing Industry
Burroughs was one of the eight major United States computer companies (with IBM, the largest, Honeywell, NCR Corporation, Control Data Corporation, General Electric, RCA and UNIVAC) through most of the 1960s. In terms of sales, Burroughs was always a distant second to IBM. In fact, IBM's share of the market at the time was so much larger than all of the others, that this group was often referred to as "IBM and the Seven Dwarfs." By 1972 when GE and RCA were no longer in the mainframe business, the remaining five companies behind IBM became known as the BUNCH, an acronym based on their initials.
At the same time, Burroughs was very much a competitor. Like IBM, Burroughs tried to supply a complete line of products for its customers, including Burroughs-designed printers, disk drives, tape drives, computer printing paper, and even typewriter ribbons.
In the 1950s, Burroughs worked with the Federal Reserve Bank on the development and computer processing of magnetic ink character recognition (MICR) especially for the processing of bank cheques. Burroughs made special MICR/OCR sorter/readers which attached to their medium systems line of computers (2700/3700/4700) and this entrenched the company in the computer side of the banking industry.
Read more about this topic: Burroughs Corporation
Famous quotes containing the words force and/or industry:
“Teach us to live our lives with purpose and with power
for visions of a better world and for decision’s hour;
To choose the way of life, reject the way of death,
until the radiant force of God fills mind and strength and breath.”
—Walter J. Mathams (19th–20th centuries)
“You must, to get through life well, practice industry with economy, never create a debt for anything that is not absolutely necessary, and if you make a promise to pay money at a day certain, be sure to comply with it. If you do not, you lay yourself liable to have your feelings injured and your reputation destroyed with the just imputation of violating your word.”
—Andrew Jackson (1767–1845)