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IBM had been observing the growing personal computer market for some time. A computer game called Spacewar
was the last thing DEC expected who later provided the game as a diagnostic program for their customers. In 1961
the first commercially available integrated circuits came from the Fairchild Semiconductor Corporation. ERMA began
as a project for the Bank of America in an effort to computerize the banking industry. ERMA computerized the manual
processing of checks and account management and automatically updated and posted checking accounts. Machine code is
the language a computer really understands on a machine level, being a sequence of 0s and 1s that the computer's
controls interprets as instructions electrically. The first 701 went to IBM's world headquarters in New York. Three
went to atomic research laboratories. Eight went to aircraft companies. By 1946, a winner in the data-storage game
emerged that would dominate the computer field for the next several years.
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