
Microsoft was founded in 1975 by William H. Gates III and Paul Allen. The pair had teamed up in high school through their hobby of programming on the original PDP-10 computer from the Digital Equipment Corporation.
In 1975 Popular Electronics magazine featured a cover story about the Altair 8800, the first personal computer (PC). The article inspired Gates and Allen to develop a version of the BASIC programming language for the Altair.
They licensed the software to Micro Instrumentation and Telemetry Systems (MITS), the Altair’s manufacturer, and formed Microsoft (originally Micro-soft) in Albuquerque, New Mexico, to develop versions of BASIC for other computer companies.
Microsoft’s early customers included fledgling hardware firms such as Apple Computer, maker of the Apple II computer; Commodore, maker of the PET computer; and Tandy Corporation, maker of the Radio Shack TRS-80 computer.
In 1977 Microsoft shipped its second language product, Microsoft Fortran, and it soon released versions of BASIC for the 8080 and 8086 microprocessors.
Bill Gates is the chairman, chief software architect, and cofounder (with Paul Allen) of Microsoft Corporation, the world’s leading computer software company. The company’s success made Gates one of the world’s richest people.