Bill Gates a few weeks they developed an Altair emulator that ran on a minicomputer, and then the BASIC interpreter. The demonstration, held at MITS's offices in Albuquerque, was a success and resulted in a deal with MITS to distribute the interpreter as Altair BASIC. Paul Allen was hired into MITS, and Gates took a leave of absence from Harvard to work with Allen at MITS in Albuquerque in November 1975. They named their partnership "Micro-Soft" and had their first office located in Albuquerque. Within a year, the hyphen was dropped, and on November 26, 1976, the trade name "Microsoft" was registered
Bill Gates auction in 1994. Gates is an avid reader, and the ceiling of his large home library is engraved with a quotation from "The Great Gatsby". He also enjoys playing bridge, tennis, and golf. In 1999, his wealth briefly surpassed $101 billion. Despite his wealth and extensive business travel, Gates usually flew coach in commercial aircraft until 1997, when he bought a private jet. Since 2000, the nominal value of his Microsoft holdings has declined due to a fall in Microsoft's stock price after the dot-com bubble burst and the multibillion-dollar donations he has made to his charitable foundations. In a