1975 – Bill Gates and Paul Allen write a letter to the Micro Instrumentation and Telemetry System (MITS) stating they have BASIC language for the Intel 8080 processor and would like to incorporate on the Altair computer in exchange for royalty payments. MITS agrees and Micro-soft was born. Later it would become Microsoft. Coleco sells Adam Intel recalls 1.3 GHz chips EMC purchases SourceLabs