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<div class="v1pre"><span style="font-family: verdana, geneva, sans-serif;">Today marks the 50th anniversary of the Intel 4004 microprocessor.</span></div>

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<div class="v1pre"><span style="font-family: verdana, geneva, sans-serif; font-size: 10pt;">There was <a href="https://www.wsj.com/articles/the-chip-that-changed-the-world-microprocessor-computing-transistor-breakthrough-intel-11636903999?st=b0bph9xspq0m3st&reflink=desktopwebshare_permalink" target="_blank" rel="noopener noreferrer">article</a> about this in today's WSJ.</span></div>

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<div class="v1pre"><span style="font-family: verdana, geneva, sans-serif; font-size: 10pt;">According to the author:</span></div>

<div class="v1pre" style="padding-left: 40px;"><em><span style="font-family: verdana, geneva, sans-serif; font-size: 10pt;">"I’m convinced that most wealth created since 1971 is a direct result of the 4004. All of tech. All of finance. All of retail—ask <a href="https://www.wsj.com/market-data/quotes/WMT" target="_blank" rel="noopener noreferrer">Walmart</a> about its inventory system. Oil? Good luck finding and drilling it without smart machines."</span></em></div>

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<div class="v1pre">Also note the personal reminiscing stories contained in the associated conversation threads.</div>

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<div class="v1pre"><span style="font-family: verdana, geneva, sans-serif; font-size: 10pt;">-- Mitch</span></div>

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