MLC Board Meeting 45/17/03:

It isn’t just the speed of computers that has changed so rapidly. Storage costs and connectivity also declined markedly. For example, in the early 1980s, a hard disk to be used with a microcomputer and that stored five megabytes of data cost about $5,000. This was a dollar per megabyte. Now, hard disks cost less than 50 cents per gigabyte. ................
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