Editing Burroughs Corporation (section)

==Move into computers==
The biggest shift in company history came in 1953: the Burroughs Adding Machine Company was renamed the Burroughs Corporation and began moving into [[digital computer]] products, initially for banking institutions. This move began with Burroughs' purchase in June 1956, of the [[ElectroData Corporation]] in [[Pasadena, California]], a spinoff of the [[Consolidated Engineering Corporation]] which had designed test instruments and had a cooperative relationship with [[California Institute of Technology|Caltech]] in Pasadena.<ref name="Sawyer">Sawyer, T.J., [http://tjsawyer.com/B205Home.htm "Burroughs 205 HomePage"]</ref> ElectroData had built the [[Datatron|Datatron 205]] and was working on the Datatron 220.<ref name="Sawyer" /> The first major computer product that came from this marriage was the B205 tube computer. In 1968<ref>Burroughs Annual Report 1968</ref> the L and TC series range was produced (e.g. the [[Burroughs TC500|TC500]]—Terminal Computer 500) which had a [[IBM Selectric typewriter|golf ball printer]] and in the beginning a 1K (64 bit) disk [[Computer memory|memory]]. These were popular as branch [[Computer terminal|terminal]]s to the [[Burroughs Large Systems#B5000|B5500/6500/6700 systems]], and sold well in the banking sector, where they were often connected to non-Burroughs mainframes. In conjunction with these products, Burroughs also manufactured an extensive range of cheque processing equipment, normally attached as terminals to a medium systems such as B200/B300 and larger systems such as a B2700 or [[Burroughs B1700|B1700]].

In the 1950s, Burroughs worked with the [[Federal Reserve Bank]] on the development and computer processing of [[magnetic ink character recognition]] (MICR) especially for the processing of bank cheques. Burroughs made special MICR/OCR sorter/readers which attached to their medium systems line of computers ([[Burroughs B2000|2700/3700/4700]])  and B200/B300 systems and this entrenched the company in the computer side of the banking industry.