On December 15, 1964, Kenneth Olsen (founder of DEC) received a patent for “magnetic core memory”. This was the first used in a minicomputer.
In 1986, Fortune Magazine named Olsen “America’s most successful entrepreneur”, and the same year he received the IEEE Engineering Leadership Recognition Award.
Ironically, he is popular now for his quote “There is no reason for any individual to have a computer in his home”.
Patent Information
Publication number: US3161861 A
Patent Title: Magnetic core memory
Publication type: Grant
Publication date: Dec 15, 1964
Filing date: Nov 12, 1959
Priority date: Nov 12, 1959
Inventors: Best Richard L, Olsen Kenneth H
Original Assignee: Digital Equipment Corp
