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Computer History 1964
IBM announced the System/360, a family of six mutually compatible computers and 40 peripherals that could work together. The initial investment of $5 billion was quickly returned as orders for the system climbed to 1,000 per month within two years. At the time IBM released the System/360, the company was making a transition from discrete transistors to integrated circuits, and its major source of revenue moved from punched-card equipment to electronic computer systems.
CDC´s 6600 supercomputer, designed by Seymour Cray, performed up to 3 million instructions per second — a processing speed three times faster than that of its closest competitor, the IBM Stretch. The 6600 retained the distinction of being the fastest computer in the world until surpassed by its successor, the CDC 7600, in 1968. Part of the speed came from the computer´s design, which had 10 small computers, known as peripheral processors, funneling data to a large central processing unit.
Source: - www.computerhistory.org