<i>> There was a piece of EAM equipment called a “multiplier” that used valves (predecessor to transistors, designed for use in radios and TVs). This machine could read two numbers out of a punched card, and multiply (or divide) them and punch the result back into different columns in the same card. The problem was that it was not very reliable (valves kept burning out – when you have some hundreds of valves, the chances of one “going” while you are processing some thousand of electricity billing cards is pretty likely).</i><p>Note that they're using the British "valve" for what is typically called a "vacuum tube".