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Bell Telephone Laboratories develops the transistor in 1947. Konrad Zuse, a German engineer, completes the first general purpose progammable calculator in 1941. He pioneers the use of binary math and boolean logic in electronic calculation. UNIVAC, the Universal Automatic Computer (pictured below), is developed in 1951. It can store 12,000 digits in random access mercury-delay lines.



EDVAC, for Electronic Discrete Variable Computer, is completed under contract for the Ordinance Department in 1952.
In 1952 G.W. Dummer, a radar expert from the British Royal Radar Establishment, proposes that electronic equipment be manufactured as a solid block with no connecting wires. The prototype he builds doesn't work and he receives little support for his research.
Texas Instruments and Fairchild semiconductor both announce the integrated circuit in 1959.

The IBM 360 is introduced in April of 1964 and quickly becomes the standard institutional mainframe computer. By the mid-80s the 360 and its descendants will have generated more than $100 billion in revenue for IBM. 

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