The developers and builders of the 701 had created a computer that consisted of two tape units (each with two tape drives), a magnetic drum memory unit, a cathode-ray tube storage unit, an L-shaped arithmetic and control unit with an operator’s panel, a card reader, a printer, a card punch and three power units. The 701 could perform more than 16,000 addition or subtraction operations a second, read 12,500 digits a second from tape, print 180 letters or numbers a second, and output 400 digits a second from punched-cards.
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