On this day on October 1, 1954, IBM announced the Model 705 computer.

The IBM 705 was a first-generation tube-based computer and the first commercial computer with core memory. The IBM 705 used 1,700 vacuum tubes. It could multiply two 10 digit numbers in just 2.4 milliseconds.

The IBM 705 was a character-oriented machine, with 7-bit characters and 35-bit words, with each word containing 5 characters. There were several different models of the IBM 705

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