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1. But its current name the company took only in 1924.
2. It used a punch-card technology and electrical circuit to advance the mechanical
counter.
3. These successful investments brought enormous profits for IBM.
4. The next machine to be introduced into the market was Model 650 initializing
punch-card technology.
5. This invention became the foundation on which IBM was built.
6. The digital electromechanical computer Mark I was one of the first to be financed
by IBM in 1943.
7. A new tabulating machine invented by Herman Hollerith was used for the US
Census of 1890.
8. Later on, IBM made heavy investments in producing peripheral equipment,
printers, terminals, key-punch machines and card sorters.