Yup, this is a punched card modem.
IBM 1001 DATA TRANSMISSION SYSTEM
… new low cost way to send punched card data… by telephone
This IBM 1001 Data Transmission System lets you send business information in punched card form, from any office, plant or department to your central data processing installation at the cost of a telephone call.
It speeds collection of information concerning inventory, purchases, payroll, production, etc., keeps you continually informed of what’s happening in your business while it’s happening.
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5 NEW IBM PRODUCTS
DELIVER MORE DATA PROCESSING PER DOLLAR WITH IBM BALANCED DATA PROCESSING Out of IBM’s continuing program of research and development, proved by months of rigid testing, come these great new products to serve business, industry and science. And with them, IBM adds new emphasis to the concept of Balanced Data Processing—a standard for all data processing based on measuring the value of data processing in terms of net results, rather than speed of individual units.
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FOR THE MATHEMATICIAN who’s ahead of his time
IBM is looking for a special kind of mathematician, and will pay especially well for his abilities.
This man is a pioneer, an educator—with a major or graduate degree in Mathematics, Physics, or Engineering with Applied Mathematics equivalent.
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Over 2000 multiplications per second!!! What could we ever do with such power?
The New IBM Electronic Data Processing Machines
For Science… Industry… Defense
Combining the great storage capacities and speeds of cathode ray tubes, magnetic drums, and magnetic tapes with the tremendous computing speeds of electronic tubes, IBM engineers and scientists have produced in these machines the most flexible and most productive calculating unit ever marketed.
Here is a computer that can add and subtract 16,666 times a second . . . that can multiply and divide 2,192 times a second . . . and can recall factors from storage, or “memory,” in as little as 12 millionths of a second.
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More at Wikipedia.
putting IDEAS to work — research at IBM
•Random Access Memory Accounting: RAMAC®, magnetic-disk memory storage, gives fast access to 5,000,000 characters. IBM Bulletin No. 400.
•Slanting Rain: “Shadows” created on a surface by its irregularities and discontinuities magnified 200,000 times through electron microscopy.
Random Access Memory Accounting
RAMAC, IBM’s newest data processing system, needed a unique memory storage system. Ordinary methods of memory storage—magnetic tape, drums, ferrite cores—couldn’t store enough “bits” of information. It took a research team of ours,withTriggNoyes and Wes Dickinson as key men at IBM’s San Jose Research Labs, to find the answer. The heart of this new idea: magnetic disks, played and replayed like the records in coin-operated music machines!
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THESE 5 LEADING AIRCRAFT COMPANIES
BOEING, CONVAIR, DOUGLAS, LOCKHEED, NORTH AMERICAN
GET THINGS DONE
at 14,000 operations a second with giant IBM Electronic Data Processing Machines
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I think that Mr. Colbert would disagree.

Yesterday… “The Fates” Decided
In the 6th century, B. C, King Croesus of Lydia was told by the Delphic Oracles he could defeat the Persians. Relying on “The Fates” instead of the facts, he took on an enemy he should have known was too strong for him .. .and he was badly beaten. Lack of facts cost him his kingdom and his freedom.
Today… Facts Are What Count
The recent great strides in military science, pure science, commerce, and industry have resulted from modern man’s ability to determine the facts and act accordingly.
Tremendous advances have been made in the past few years in fact-finding machines. Through electronics, great masses of data that would have taken a lifetime to process can now be handled in a few days. Ordinary volumes of work can be done in minutes.
By making “mathematical models” of specific processes, products, or situations, man today can predetermine probable results, minimize risks and costs.
World’s Leading Producer of Electronic Accounting Machines
INTERNATIONAL BUSINESS MACHINES, 590 Madison Ave., N. Y. 22, N. Y.
It seems to me that anyone who would use the phrase “Getting Closer to Infinity” does not really understand the concept of infinity.
GETTING CLOSER TO INFINITY
Businessmen, engineers, and scientists now are solving problems in scientific and industrial data processing which, a few short years ago, would have been considered well-nigh infinite.
IBM Electronic Business Machines are making an important contribution to this progress. These machines accomplish once-overwhelming tasks with incredible speed and accuracy … freeing thousands of valuable minds for creative effort.
IBM
ELECTRONIC BUSINESS MACHINES
International Business Machines