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Digital Equipment Corporation (or DEC) was a computer company founded by Ken Olsen and Harlan Anderson in 1957. It released a line of popular minicomputers, starting with the pdp/8 in 1958. At its peak in the late 1980s, the company employed over 100,000 people across the world and had $4 billion in cash on hand, making it the second largest computer company in the world, behind [[IBM]]. The popular [[PDP-11]] and [[VAX]] minicomputers were sold by DEC from the 1970s on. However, a precipitous decline at a time when PCs were growing in popularity resulted in Compaq buying DEC in 1998, although the PDP-11 rights were sold to Mentec.