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5 billion in May 2011. Gates as CEO in 2000, and later envisioned a “devices and services” strategy. October 19, 1981, in a sea of PCs after signing a pivotal contract with IBM. After a call from Gates claiming to have a working interpreter, MITS requested a demonstration. Altair while Gates developed the interpreter. The original name of “Micro-Soft” was suggested by Allen. Following the release of the IBM PC in August 1981, Microsoft retained ownership of MS-DOS.