The 3M computer industrial goal was first proposed in the early 1980s by Raj Reddy and his colleagues at Carnegie Mellon University (CMU) as a minimum specification for academic and technical workstations. It requires at least one megabyte of memory, a one megapixel display with 1024×1024 1-bit pixels, and one million instructions per second (MIPS) of processing power. It was also often said that it should cost no more than one "megapenny" or $10,000.