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March 4, 1956 Ferrite Core Memory was sold to IBM

1956 – An Wang patented Ferrite Core Memory on May 17, 1955. However, IBM used Ferrite cores in their systems and the patent issue started an interesting legal battle. One that ended in IBM purchasing the patent outright for “Several million dollars”. Wang took the funds to build up Wang Laboratories.

Wikazine – Full show notes for March 4

• The first Cray-1 Supercomputer is shipped
• The World Wide Web goes online (in primitave form)
• Sony releases the Playstation 2 in Japan

Tagged as: aggregator, core memory, cray 1, ferrite cores, historical events, IBM, iTunes, japan march, magnetic core memory, million, million dollars, patent issue, playstation, playstation 2, RSS, sony, stitcher, supercomputer, twitter, wang, wang laboratories, world wide web

Article by Jeffrey Powers @geekazine

Jeffrey has written 380 awesome articles for us at Day in Tech History