Calculators
The Wang LOCI-2 (an earlier LOCI-1 was not a real product) was introduced in 1965 and was probably the first desktop calculator capable of computing logarithms, quite an achievement for a machine without any integrated circuits. The electronics included 1275 discrete transistors. It actually performed multiplication by adding logarithms, and roundoff in the display conversion was noticeable: 2 times 2 yielded 3.999999999.
From 1965 to about 1971, Wang was a well-regarded calculator company. Wang calculators cost in the mid-four-figures, used Nixie tube readouts, performed transcendental functions, had varying degrees of programmability, and exploited magnetic core memory. One model had a central processing unit (the size of a small suitcase) connected by cables leading to four individual desktop display/keyboard units. Competition included HP, which introduced the HP 9100A in 1968, and old-line calculator companies such as Monroe and Marchant. One little documented "feature" of these calculators was that you could predictably lock-up the calculator display heads, getting the Nixie tube display to endlessly "roll" numbers, by entering the sequence 30311142.59 99 9 .
Wang calculators were at first sold to scientists and engineers, but the company later won a solid niche in financial-services industries, which had previously relied on complicated printed tables for mortgages and annuities.
One perhaps apocryphal story tells of a banker who spot-checked a Wang calculator against a mortgage table and found a discrepancy. The calculator was right, the printed tables were wrong, and the company's reputation was made.
In the early seventies, Dr. Wang believed that calculators would become unprofitable low-margin commodities, and decided to exit the calculator business.
Read more about this topic: Wang Laboratories
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“But the age of chivalry is gone. That of sophisters, economists, and calculators has succeeded; and the glory of Europe is extinguished forever.”
—Edmund Burke (17291797)