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 In 1968
the Dow Jones Industrial Average was 943, the
price for a gallon of gasoline was 0.34 and Valley
Processing, Inc. entered into a computer timeshare
agreement with a Baltimore firm that just brought a
brand new IBM/360. The System was one of the first
commercial computers. Payroll’s were run 2 nights a
week. In a single night, the new IBM /360 could easily
process three payrolls totaling almost 45 checks.
 In 1972 the
Dow Jones Industrial Average was 1020, the price for a
gallon of gasoline was 0.55 and
Valley was among the first in town to install the next
generation of technology, the IBM System/3. This system used
96 column keypunch cards, a 20% increase over the old 80
column punch cards. From our new office suite on Dulaney Valley Road
in Towson,
we now had the capability to process almost 20 payrolls
in a single 8-hour business day.
We’re proud to say more then a few clients processed on
our System/3 are still clients today.
In 1982
the Dow Jones Industrial Average was 1046, the price for
a gallon of gasoline was 0.91 and Valley purchased an IBM System/34 from a bank in
the Mid-West. The keypunch cards were gone and new green
screen CRT’s were placed through out the office. The
System/34 was half the physical size of our old system
leaving us plenty of room in our office on Hickory Avenue in Hampden.
In 1986 the Dow Jones Industrial Average was
1895, the price for a gallon of gasoline was 0.89, and
our need for speed grew. An IBM System/36 replaced the
System/34. The System/36 came with a cartridge tape
drive. This allowed us to backup all 400 megabytes of
data in about two hours. We soon added two high-speed
dot matrix printers that could print reports at an
astonishing 560 characters per second.
In 1993
the Dow Jones closed above 3,500 for the first Time
(3,500.03),
the price for a gallon of gasoline was 1.05, and
Valley purchased a brand new IBM
A/S 400. The AS/400 was fast, stable and ran the same
operating system as our System/36 so conversion to the
new system only took one weekend.
The AS/400’s
physical size was about the size of a large tower PC. It
was placed in a cabinet that sat in the corner of our
office on East Joppa Road in Towson.
In 2000
the Dow Jones closed above 10,000 for the first time
(10,006.78), the
price for a gallon of gasoline was 1.45 and IBM
announced they would soon stop supporting the A/S400. We
decided to start converting to a Windows Server
Platform.
2003
After 3 long years and six plus figures of capital
expenditures our conversion finished on July 1, 2003.
Valley -- To
Date
We continue to invest in technology to keep our clients
data secure, offer services even national payroll
companies don’t and to empower the Valley staff to
service clients promptly and efficiently.
The staff at Valley Processing
value your trust and your loyalty.
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