Burroughs introduced the TC 500 in the early 1970s. It was designed to be a terminal computer (TC) for banking applications … TC 500 was built into a desk unit built on a box-steel frame … so generally you had 8KB of “user memory” to write your application program in … it had a mechanical 10 character-per-second paper-tape reader.
Burroughs was one of the nine major United States computer companies in the 1960s, with IBM the largest, Honeywell, NCR Corporation, Control Data Corporation (CDC), General Electric (GE), Digital Equipment Corporation (DEC), RCA and Sperry Rand (UNIVAC line). … The Burroughs Corporation was a major American manufacturer of business equipment. The company was founded in 1886 as the American Arithmometer Company, and after the 1986 merger with Sperry UNIVAC was renamed Unisys.