1908 - founded as a typewriter manufacturer by Camillo Olivetti; 1930 - Olivetti opened overseas manufacturing plant; 1948 - Divisumma electric calculator launched; 1959 - produced Italy's first electronic computer, Elea 9003; 1959- purchased the Underwood Typewriter Company; 1964 - electronics division sold to General Electric company. 2003 - absorbed into the Telecom Italia group, though retaining a separate identity as Olivetti Tecnost