"The concordancing system described at this date was to be written in Fortran on a Univac 1108. The Univac 1108 computer was modular and extensible but could easily fill a room with its various components, including not only the processor (or processors) but also the memory, console, card reader and punch, and reel-to-reel magnetic tapes; the purchase and installation cost was well over a million US dollars, and the operating cost to enter a million words of text and generate a concordance was estimated at about $30,000 in 1973. [...] Richard Venezky and his team found that existing systems for text analysis were prohibitively expensive, and so by 1975 they had developed their own, LEXICO, written in Fortran and run on a Univac 1110: this offered the editors facilities for storage, editing, concordancing, and lemmatizing. (Peter A. Stokes, "The Digital Dictionary," Florilegium, vol. 26 (2009): 37-65, p. 38)
Sperry Rand (Corporation). Univac Division
Audiovisual Collections and Digital Initiatives Department, Hagley Museum and Library