Bill Gates remained in contact with Paul Allen, and he joined him at Honeywell during the summer of 1974. The MITS Altair 8800 was released the following year. The new computer was based on the Intel 8080 CPU, and Gates and Allen saw this as the opportunity to start their own computer software company. Gates dropped out of Harvard at this time. He had talked over this decision with his parents, who were supportive of him after seeing how much their son wanted to start his own company. Gates explained his decision to leave Harvard, saying "...if things [Microsoft] hadn't worked out,
Isadore Sharp the hospitality business. He founded the Four Seasons Hotel in 1960 and opened the first hotel on Jarvis Street in downtown Toronto in 1961. On November 6, 2006, American business magnate Bill Gates, through his holding company Cascade Investments LLC, and Saudi businessman, Prince Al-Waleed bin Talal through his company Kingdom Holding Company made an offer to take Four Seasons Hotels private for US$3.4 billion (excluding debt). Sharp would remain chairman and chief executive of the company. He also would be able to realize proceeds from a 1989 incentive plan that would pay him $288 million. The company's headquarters would