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This Day in Computer History: October 22

written by: Pipedreamergrey•edited by: Michele McDonough•updated: 10/24/2008

Today marks the anniversary of the of one of the earliest bank scandals to involve computer errors. Read about it and more in "This Day in Computer History", a chronology of notable events in the computer, ecommerce, and software industries on this day in history.

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    This Day in Computer History


    IBM released its IBM 1620 data processing system. The IBM 1620 is an inexpensive scientific computer capable of performing more than one hundred thousand calculations per minute. Over two thousand units will be sold before being discontinued November 19, 1970.


    Texas Instruments announced that it would release a new line of small business computers. Price: $6,200 - $9,900.


    Two BankAmerica executives are forced to resign after data processing problems cost the company over twenty-five million dollars. The executives were the ones held responsible for switching the bank's trust department over to a new computerized accounting system which lead to the losses. A bank spokesman explained to the press that the new system, MasterNet, disrupted data processing so that BankAmerica was unable to produce or deliver many of its customers' statements on time.


    Borland International announced the acquisition of its Paradox database program to Corel.

    The Internet International Ad Hoc Committee (IAHC) was formed to review and recommend policy and procedures regarding generic top-level domains, including: .aero, .biz, .com, .edu, .gov, .info, .net, .org, and .travel. Before its dissolution on May 1, 1997, the orgnization will issue the “Memorandum of Understanding,” recommending the creation of seven new top-level domains, including: .arts, .firm, .info, .nom, .rec, .store, and .web.


    Intel released the 120 MHz mobile Pentium processor for notebook computers. Price: $177.

    Microsoft released version 4.0 of the BackOffice Small Business Server, including Exchange Server 5.0 SP1, IIS 3.0, Proxy Server 1.0, Internet Explorer, Outlook 97, and SQL Server 6.5 SP3, .

    1999 announced that they have filed a lawsuit against on its patent for “1-Click” express checkout patent. 1-Click refers to its site's technique for allowing a customer to purchase items within a single click of the product's page with payment data previously entered.


    Red Hat released version 7.2 of Red Hat Linux, "Enigma."

    Version 8.3 of the Tcl/Tk programming language was released.

    Yahoo! launched the Imvironments feature for its Yahoo! Messenger, which customizes the background window of instant messages.


    The first version of the BLAG Linux distribution was released, featuring all of the applications a typical desktop user would "expect” on a single disk.

    Version 8.4.1 of the Tcl/Tk programming language was released.


    Apple Computer discontinues production of the portable iBook G3, which featured the PowerPC G3 processor.

    The open source UseBB forum system was first released by Dietrich Moerman. The system is written in PHP 4.

    Version 2 (v1.4.2_02) of the Java programming language was released.