Pascaline was invented in 1642 by Biaise Pascal, a French mathematician and philosopher. It was also the first machine to calculate using the decimal point system. For calculating, this instrument used 9 separate ivory strips (bones) marked with numerals to multiply and divide. John Napier devised Napier’s Bones, a manually operated calculating apparatus. The abacus operator moves the beads according to certain guidelines to complete arithmetic computations. It’s a wooden rack with metal rods with beads attached to them.
Let us look at a few of the early-age computing devices used by mankind.Ībacus was invented by the Chinese around 4000 years ago. More computing devices were produced as technology advanced and the human intellect improved over time. People used sticks, stones, and bones as counting tools before computers were invented. Subscribe to Investing Daily's Breakthrough Tech Profits here…īy Dr.A computer is an electronic machine that collects information, stores it, processes it according to user instructions, and then returns the result.Ī computer is a programmable electronic device that performs arithmetic and logical operations automatically using a set of instructions provided by the user.
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Plus, it’s cash rich.ĭiebold seems to have seen its worst days, and its acquisition of Wincor is full of potential.īut I have two major questions: Will the merger go smoothly and will the combined business deliver on its growth potential? While I judge both risks to be moderate, they are dwarfed by the upside potential. It’s been suffering some growing pains, but gross income and revenue in the most recent quarter are rebounding. Instead they can supply pre-paid cards, coordinate with mobile devices and advertise banking services.ĭiebold is dirt cheap, selling at just over 9 times trailing earnings while paying a nifty 4% dividend. Making kiosks interactive and for more than one purpose is the future in this industry. Wincor has a sizeable footprint in those products. That means adding self-checkout terminals, digital fuel pumps and automated car wash operations, for example. Convenience stores, small businesses, and gas stations are ripe for automation. Those retail kiosks will be key to Diebold’s growth.
The combined company will be the number one ATM machine maker in the world. The deal, which will cost $1.8 billion and is expected to close in the next six months, makes Diebold a global powerhouse. Now, with the 2016 purchase of Germany’s Wincor Nixdorf, Europe’s largest self-service kiosk company, Diebold will double its sales and increase its global reach in banking and beyond.
Yet it has misfired over the past few quarters, as the ATM market has grown stodgy and stale.īut during this slow period, Diebold has quietly evolved its products beyond self-directed banking into information management and other areas of the Internet, and is slowly continuing to automate banking.Īnd the company just bought one of its biggest rivals, doubling its size and gaining a 40% share of the projected $74 billion dollar self-service kiosk market by 2020. ĭiebold ( DBD) is a leader in banking automation with the ATM as its core. Joe Duarte, editor of Breakthrough Tech Profits. This sleeping giant and applied tech stock is about to awaken into a global growth monster, asserts technology expert Dr.