| Eckert-mauchly Computer Corporation |
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Information AboutEckert-mauchly Computer Corporation |
| CATEGORIES ABOUT ECKERT-MAUCHLY COMPUTER CORPORATION | |
| companies established in 1946 | |
| defunct computer companies of the united states | |
| 1950 disestablishments | |
| SHOPPER'S DELIGHT | |
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The first project of the EMCC was the BINAC , which put the company in a weak financial position and also didn't work very well. By the summer of 1948, EMCC had just about run out of money, but it was temporarily saved by Harry L. Straus , vice president of the American Totalisator Company , a Baltimore company that made electromechanical Totalisator s. Straus felt that EMCC's work, besides being promising in general terms, might have some application in the race track business, and invested $500,000 into the company. Straus became chairman of the EMCC board, and American Totalisator received 40 percent of the stock. Unfortunately, Straus was killed in an airplane crash in October 1949, and American Totalisator's directors withdrew their support. EMCC's next project was the UNIVAC I , which eventually became very successful. The EMCC remained in financial difficulty and was acquired by Remington Rand (later part of the Sperry Corporation ) on February 15 1950 , where it became the UNIVAC division of Remington Rand. The first UNIVAC I was not delivered until March 1951, over a year after EMCC was acquired by Remington Rand. See UNIVAC for more details. |