Digital: From the Beginning
Olsen, Kenneth H.
Digital Equipment Corporation (DEC). Communication Services
Old label text: "DEC was founded in 1957 by Ken Olson and Harlan Anderson. They began by building small circuit modules for laboratory use and, in 1961, released their first computer, the PDP-1. During the 1960s, DEC produced a variety of machines, mainly aimed at the laboratory market, culminating in 1964 with the introduction of the PDP-8, often regarded as the first true minicomputer. In 1976, they moved into the high-end computing market with the VAX series of machine. In 1990 a series of late releases of a new disk storage system put financial pressure on the company and, despite releasing their powerful Alpha microprocessor, DEC struggled. It sold off various sections of the company and, in 1998, the firm itself was bought by Compaq which, in turn, was bought out by Hewlett-Packard in 2002."