Business Organization BUS210 Amy Dittbenner
Checkpoint – Business Organization
July 22, 1975, Bill Gates writes a letter to Paul Allen using the name, “Micro-soft” referring the their 60/40 partnership. Their main product is BASIC. Gates and Allen worked day and night to create the first version of Microsoft Basic, a simple computer software. They realize that the future of personal computers is in the software. The Computer Mart opens on Madison Avenue in New York. Zilog Z-80 chip is introduced. They have 3 employees including themselves and the revenue is $16,000.
July 1, 1976, Microsoft refines and enhances BASIC to sell to other customers including DTC, General Electric, NCR, and Citibank. Microsoft develops its first ad campaign called, “The legend of Micro-Kid.” The partnership is moving right along and gates announces that he would like nothing more than to hire 10 programmers and fill the hobby market with good software.
February 3, 1977,A partnership agreement between Paul Allen and Bill Gates is officially executed. Their main product is still BASIC. In November of 1977 the company is free to market BASIC to others. Within months, Microsoft licenses BASIC for the Commodore PET and TRS-80 computers, and begins negotiating with other companies. BASIC product. Bill Gates and Paul Allen shared the title of general partner until 1977, when Bill Gates became president and Paul Allen vice president of Microsoft Corp.
January 1, Microsoft moves its offices to Bellevue, Washington from Albuquerque, New Mexico. After moving to Bellevue, Microsoft continues to grow in employees, sales, and vision. Microsoft has a BASIC compiler for virtually every microcomputer on the market. However, the company recognizes that languages are only a part of the picture, which is why Microsoft makes its first foray into the mass-market possibilities of