U.S. Business: Typewriter with a Memory

The office-machine competition will become even hotter when IBM this week introduces a typewriter with a memory tape. Dubbed the "Magnetic Tape Selectric," it can store up typed words and figures, then tap out copies at up to 180 words per minute. The typewriter operator can also revise or insert names, addresses, prices or other data. Or the body of a letter can be stored on one tape, different addresses and inserts on another tape, and the machine can then produce a series of finished letters without the aid of human hands. Good for...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!