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The term LPT is a Line Print Terminal. The 1 and 2 designates the first and second port (many computers had only one port, but a second, third, and fourth one could be installed). In any case, a LPT port is a parallel port (it sends multiple bits at the same time), and uses a DB-25 connector. Later, some 36 pin setups were also introduced. All of those ports are considered obsolete, since we normally just use a standard USB connection.

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