IBM 702

The IBM 702 was IBM's response to the UNIVAC—the first mainframe computer using magnetic tapes. Because these machines had less computational power than the IBM 701 and ERA 1103, which were favored for scientific computing, the 702 was aimed at business computing. A complete system included the following units: The 702 was announced September 25, 1953 and withdrawn October 1, 1954, but the first production model was not installed until July 1955. The successor to the 702 in the 700/7000 series was the IBM 705, which marked the transition to magnetic core memory.

IBM 702

The IBM 702 was IBM's response to the UNIVAC—the first mainframe computer using magnetic tapes. Because these machines had less computational power than the IBM 701 and ERA 1103, which were favored for scientific computing, the 702 was aimed at business computing. A complete system included the following units: The 702 was announced September 25, 1953 and withdrawn October 1, 1954, but the first production model was not installed until July 1955. The successor to the 702 in the 700/7000 series was the IBM 705, which marked the transition to magnetic core memory.