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,
Stefan Persson (magnate) Stefan Persson (magnate) Carl Stefan Erling Persson (; born 4 October 1947) is a Swedish business magnate. In March 2013, Forbes reported Persson's net worth as $28 billion making him the richest of Sweden's 12 billionaires and the 17th richest person in the world; he has since dropped to number 80. Persson is the chairman and main shareholder in fashion company H&M, which was founded by his father Erling Persson in 1947. Persson took over the company from his father in 1982 and served as its manager until 1998. Persson also owns a substantial stake in the Swedish technology company