of text body, titles, subtitles, highlighted text, and so on. Later desktop publishing programs were specifically designed with elaborate pre-formatted layouts for publication, offering only limited options for changing the layout, while allowing users to import text that was written using a text editor or word processor, or type the text in themselves. Typical usage Word processors have a variety of uses and applications within the business world, home, education, journalism, publishing, and the literary arts. Use in business Within the business world, word processors are extremely useful tools. Some typical uses include: creating legal documents, company reports, publications for clients, letters, and internal memos. Businesses tend to have their own format and style for any of these, and additions such as company letterhead. Thus, modern word processors with layout editing and similar capabilities find widespread use in most business. Use in home While many homes have a word processor on their computers, word processing in the home tends to be educational, planning or business related, dealing with school assignments or work being completed at home. Occasionally word processors are used for recreational purposes, e.g. writing short stories, poems or personal correspondence. Some use word processors to create résumés and greeting cards, but many of these home publishing processes have been taken over by web apps or desktop publishing programs specifically oriented toward home uses. The rise of email and social networks has also reduced the home role of the word processor as uses that formerly required printed output can now be done entirely online. History Word processors are descended from the Friden Flexowriter, which had two punched tape stations and permitted switching from one to the other (thus enabling what was called the "chain" or "form letter", one tape containing names and addresses, and the other the body of the letter to be sent). It did not wrap words, which was begun by IBM's Magnetic Tape Selectric Typewriter (later, Magnetic Card Selectric Typewriter). IBM Selectric Expensive Typewriter, written and improved between 1961 and 1962 by Steve Piner and L. Peter Deutsch, was a text editing program that ran on a DEC PDP-1 computer at MIT. Since it could drive an IBM Selectric typewriter (a letter-quality printer), it may be considered the first-word processing program, but the term word processing itself was only introduced, by IBM's Böblingen Laboratory in the late 1960s. In 1969, two software based text editing products