The story
At the beginning of the 1970s, the Stanford Artificial Intelligence Laboratory (SAIL) began to study the building of a new computer to replace their DEC PDP-10 KA10, by a far more powerful machine, with a funding from Defense Advanced Research Projects Agency (DARPA). This project was named "Super-Foonly", and was developed by a team led by Phil Petit, Jack Holloway, and Dave Poole. The name itself came from FOO NLI, an error message emitted by a PDP-10 assembler at SAIL meaning "FOO is Not a Legal Identifier". In 1974, DARPA cut the funding, and a large part of the team went to DEC to develop the PDP-10 model KL10, based on the Super-Foonly.
But Dave Poole, with Phil Petit and Jack Holloway, preferred to found the Foonly Company in 1976, to try to build a series of computers based on the Super-Foonly.
During the early 1980s, after the construction of the first and only F1, Foonly built and sold some low cost DEC PDP-10 compatible machines: the F2, F4, F4B and F5.
In 1983, after the cancellation of the DEC Jupiter project, Foonly tried to propose a new F1, but it was eclipsed by Systems Concepts and their Mars project. Foonly never recovered, shutting down in 1989.
From Wikipedia’s article on Foonly, shared under CC BY-SA 4.0.4