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Personal computing is not as new a field as the public relations staff at Radio Shack would have us believe. In the good old days (before OS), programmers often had dedicated use of even the largest machines. In 1966, Fred Gruenberger wrote and article entitled "Are Small, Free-Standing Computers Here to Stay?" which appeared in Datamation. His conclusion was that they were here to stay and that they would also be used as time sharing terminals part of the time. In 1967, Tom Steel wrote an SDC internal note which not only predicted that small computers were here to stay, but that the average person might be able to afford to own one. His prediction was for a $25,000 personal computer with the power of a 7090 by the mid 1970s and a market size of 5--20 million units.
ACM SIGPC Notes – Association for Computing Machinery
Published: Sep 1, 1979
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