OS/2 stands for operating system/2, an operating system that was developed by Microsoft C01poration and IBM, and now being improved and marketed exclusively by IBM. OS/2 runs on 286-, 386-, and 486-based IBM PCs and compatibles. OS/2 has many of the same commands as DOS, can read DOS disks, but it is more sophisticated than DOS. In particular, OS/2 is a multi-tasking, multi-threaded operating system. Multi-tasking means it can run more than one application at a time; multi-threaded means that a single program can perform multiple separate tasks at the same time.