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  • FOUNDATION OF MICROSOFT
    MITS (Micro Instrumentation and Telemetry Systems) of Albuquerque, New Mexico, announced the MITS Altair 8800 on the cover of the 1st January 1975 issue of Popular Electronics. The MITS Altair inspired a new generation of technology enthusiasts, including Bill Gates and Paul Allen, who were among the first of these early hobbyists to realize that the key to the future of personal computing lay in the unlimited potential of software. On the cover is a mockup of the MITS Altair, the first personal computer. Allen, employed by Honeywell and his friend Bill Gates, a sophomore at Harvard, immediately set out to adapt BASIC( Biginner’ All-Purpose Symbolic Instruction Code ) for the machine, working in marathon 24-hour sessions. Jan 2, Bill Gates and Paul Allen complete BASIC. They license BASIC to their first customer, MITS of Albuquerque, New Mexico, the manufacturer of the Altair 8800 personal computer. This is the first computer language program written for a personal computerMarch 7, The MITS Altair newsletter, Computer Notes, declares, "Altair BASIC -- Up and Running." July 1, Bill Gates' and Paul Allen's BASIC officially ships as version 2.0 in both 4K and 8K editions. July 22, Paul Allen and Bill Gates sign a licensing agreement with MITS regarding the BASIC Interpreter. Microsoft is not yet an official partnership. In fact, the name has not even been chosen. Nov 29, In a letter to Paul Allen, Bill Gates uses the name "Micro-soft" to refer to their (60/40)(3) Partnership. This is the earliest known written reference.
    Stats---Revenues: $16,005. Employees: 3(Allen, Bill Gates, and Ric Weiland)
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