Just to add, interestingly, Singer also purchased General Precision from 
Librascope. 
Librascope/General Precision were the folks that had earlier acquired 
Royal-McBee.  Royal-McBee developed the wonderful (some consider the first 
"personal" computer) LGP-30 vacuum-tube, magnetic drum computer that was 
designed by Manhattan Project theoretical physicist Stanley Frankel.

Frankel had quite a legacy in the world of computing, having contributed to the 
design of the delay-line-based Packard Bell PB-250(with Max Palevsky), and 
development of a custom high-speed computer for Continental Oil Company called 
CONAC (used for data reduction of sounding operations search for oil deposits). 
 

Frankel also developed an early electronic calculator design that was purchased 
by Smith Corona/Marchant (SCM) and produced as the CRT-display SCM Cogito 240 
calculator, augmented with Square Root as to Cogito 240SR. 

Frankel also collaborated with SCM on the development of the logic for the 
first set of LSI integrated circuits that were used in the later Nixie-tube 
display Cogito calculators.   

He also developed a very interesting calculator, based somewhat on the 
principles of the LGP-30 computer for Diehl in West Germany.   The machine was 
fully transistorized and used only 142 transistors in its logic.  It was based 
on magnetostrictive delay lines (two of them), and was a fully microcoded 
architecture, I believe the first electronic calculator to be completely 
microcoded.

Since read-only memory (for the microcode) was either physically very large, or 
complex and expensive to build at the time (diode ROM, wire rope ROM), the 
microcode was loaded into the calculator at power-up time from a two channel 
punched metal tape.   One channel provided the clocking, and the other channel 
provided the bits.   

It took just under a minute from when the calculator was powered on until the 
microcode was loaded into a delay line, and from there, all operations of the 
machine were controlled by the microcode in the delay line. 

The machine was able to be implemented with so few transistors because the 
microcode word was quite wide, and was designed so that it was sequentially 
interpreted as the bits streamed out of the delay line, so not all that many 
flip flops were needed.  Working registers were stored in the other delay line, 
along with program steps (yes, the machine was programmable).   

The design was very elegant.    The machine debuted as the Diehl Combitron, and 
the cool thing about its design was that it was really easy to augment by just 
changing the microcode tape (which was quite easily done...bugfixes could be 
easly installed even by end-users, though such was discouraged).   

Soon after the Combitron was introduced, an augmented version was introduced 
called the Combitron-S that added a small amount of  I/O circuitry and 
additional microcode to implement operations to allow the addition of an 
external punched paper tape reader/punch.

An interesting aspect of electronic calculator history is that there are a 
number of people whose names pop up at various points in time during the 
evolution of the technology.  Frankel was one of those, along with a cast of a 
few others, all of whom had major impacts in the realm of electronic calculator 
(and the eventual evolution of the electronic calculator into what became the 
microcontroller/microprocessor that spurred the development of the personal 
computer).

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