International Business Machines Corporation is an American multinational information technology company headquartered in Armonk, New York, with operations in over 170 countries. The company began in 1911, founded in Endicott, New York, as the Computing-Tabulating-Recording Company and was renamed "International Business Machines" in 1924. IBM produces and sells computer hardware and software, provides hosting and consulting services in areas ranging from mainframe computers to nanotechnology. IBM is a major research organization, holding the record for most U. S. patents generated by a business for 26 consecutive years. Inventions by IBM include the automated teller machine, the floppy disk, the hard disk drive, the magnetic stripe card, the relational database, the SQL programming language, the UPC barcode, dynamic random-access memory; the IBM mainframe, exemplified by the System/360, was the dominant computing platform during the 1960s and 1970s. IBM has continually shifted business operations by focusing on higher-value, more profitable markets.
This includes spinning off printer manufacturer Lexmark in 1991 and the sale of personal computer and x86-based server businesses to Lenovo, acquiring companies such as PwC Consulting, SPSS, The Weather Company, Red Hat. In 2014, IBM announced that it would go "fabless", continuing to design semiconductors, but offloading manufacturing to GlobalFoundries. Nicknamed Big Blue, IBM is one of 30 companies included in the Dow Jones Industrial Average and one of the world's largest employers, with over 380,000 employees, known as "IBMers". At least 70% of IBMers are based outside the United States, the country with the largest number of IBMers is India. IBM employees have been awarded five Nobel Prizes, six Turing Awards, ten National Medals of Technology and five National Medals of Science. In the 1880s, technologies emerged that would form the core of International Business Machines. Julius E. Pitrap patented the computing scale in 1885. On June 16, 1911, their four companies were amalgamated in New York State by Charles Ranlett Flint forming a fifth company, the Computing-Tabulating-Recording Company based in Endicott, New York.
The five companies had offices and plants in Endicott and Binghamton, New York. C.. They manufactured machinery for sale and lease, ranging from commercial scales and industrial time recorders and cheese slicers, to tabulators and punched cards. Thomas J. Watson, Sr. fired from the National Cash Register Company by John Henry Patterson, called on Flint and, in 1914, was offered a position at CTR. Watson joined CTR as General Manager 11 months was made President when court cases relating to his time at NCR were resolved. Having learned Patterson's pioneering business practices, Watson proceeded to put the stamp of NCR onto CTR's companies, he implemented sales conventions, "generous sales incentives, a focus on customer service, an insistence on well-groomed, dark-suited salesmen and had an evangelical fervor for instilling company pride and loyalty in every worker". His favorite slogan, "THINK", became a mantra for each company's employees. During Watson's first four years, revenues reached $9 million and the company's operations expanded to Europe, South America and Australia.
Watson never liked the clumsy hyphenated name "Computing-Tabulating-Recording Company" and on February 14, 1924 chose to replace it with the more expansive title "International Business Machines". By 1933 most of the subsidiaries had been merged into one company, IBM. In 1937, IBM's tabulating equipment enabled organizations to process unprecedented amounts of data, its clients including the U. S. Government, during its first effort to maintain the employment records for 26 million people pursuant to the Social Security Act, the tracking of persecuted groups by Hitler's Third Reich through the German subsidiary Dehomag. In 1949, Thomas Watson, Sr. created IBM World Trade Corporation, a subsidiary of IBM focused on foreign operations. In 1952, he stepped down after 40 years at the company helm, his son Thomas Watson, Jr. was named president. In 1956, the company demonstrated the first practical example of artificial intelligence when Arthur L. Samuel of IBM's Poughkeepsie, New York, laboratory programmed an IBM 704 not to play checkers but "learn" from its own experience.
In 1957, the FORTRAN scientific programming language was developed. In 1961, IBM developed the SABRE reservation system for American Airlines and introduced the successful Selectric typewriter. In 1963, IBM employees and computers helped. A year it moved its corporate headquarters from New York City to Armonk, New York; the latter half of the 1960s saw IBM continue its support of space exploration, participating in the 1965 Gemini flights, 1966 Saturn flights and 1969 lunar mission. On April 7, 1964, IBM announced the first computer system family, the IBM System/360, it spanned the complete range of commercial and scientific applications from large to small, allowing companies for the first time to upgrade to models with greater computing capability without having to rewrite their applications. It was followed by the IBM System/370 in 1970. Together the
The Boeing Company is an American multinational corporation that designs and sells airplanes, rockets and missiles worldwide. The company provides leasing and product support services. Boeing is among the largest global aircraft manufacturers. Boeing stock is included in the Dow Jones Industrial Average. Boeing was founded by William Boeing on July 15, 1916, in Washington; the present corporation is the result of the merger of Boeing with McDonnell Douglas on August 1, 1997. Former Boeing's chair and CEO Philip M. Condit continued as the chair and CEO of the new Boeing, while Harry Stonecipher, former CEO of McDonnell Douglas, became the president and chief operating officer of the newly merged company; the Boeing Company has its corporate headquarters in Illinois. The company is led by CEO Dennis Muilenburg. Boeing is organized into five primary divisions: Boeing Commercial Airplanes. In 2017, Boeing recorded $93.3 billion in sales, ranked 24th on the Fortune magazine "Fortune 500" list, ranked 64th on the "Fortune Global 500" list, ranked 19th on the "World's Most Admired Companies" list.
In March 1910, William E. Boeing bought Heath's shipyard in Seattle on the Duwamish River, which became his first airplane factory. Boeing was incorporated in Seattle by William Boeing, on July 15, 1916, as "Pacific Aero Products Co". Boeing was incorporated in Delaware. Boeing, who studied at Yale University, worked in the timber industry, where he became wealthy and learned about wooden structures; this knowledge proved invaluable in his subsequent assembly of airplanes. The company stayed in Seattle to take advantage of the local supply of spruce wood. One of the two "B&W" seaplanes built with the assistance of George Conrad Westervelt, a U. S. Navy engineer, took its maiden flight on June 15, 1916. Boeing and Westervelt decided to build the B&W seaplane after having flown in a Curtiss aircraft. Boeing bought a Glenn Martin "Flying Birdcage" seaplane and was taught to fly by Glenn Martin himself. Boeing soon crashed the Birdcage and when Martin informed Boeing that replacement parts would not become available for months, Boeing realized he could build his own plane in that amount of time.
He and his friend Cdr. G. C. Westervelt soon produced the B&W Seaplane; this first Boeing airplane was assembled in a lakeside hangar located on the northeast shore of Seattle's Lake Union. Many of Boeing's early planes were seaplanes. On April 6, 1917, the U. S. declared war on Germany and entered World War I. On May 9, 1917, the company became the "Boeing Airplane Company". With the U. S. entering the war, Boeing knew that the U. S. Navy needed seaplanes for training. So Boeing shipped two new Model Cs to Pensacola, where the planes were flown for the Navy; the Navy ordered 50 more. The company moved its operations to a larger former shipbuilding facility known as Boeing Plant 1, located on the lower Duwamish River, Washington state; when World War I ended in 1918, a large surplus of cheap, used military planes flooded the commercial airplane market, preventing aircraft companies from selling any new airplanes, driving many out of business. Others, including Boeing, started selling other products. Boeing built dressers and furniture, along with flat-bottom boats called Sea Sleds.
In 1919 the Boeing B-1 flying boat made its first flight. It accommodated two passengers and some mail. Over the course of eight years, it made international airmail flights from Seattle to Victoria, British Columbia. On May 24, 1920, the Boeing Model 8 made its first flight, it was the first plane to fly over Mount Rainier. In 1923, Boeing entered competition against Curtiss to develop a pursuit fighter for the U. S. Army Air Service. Although Curtiss finished its design first and was awarded the contract, Boeing continued to develop its PW-9 fighter; that plane, along with the Boeing P-12/F4B fighter, made Boeing a leading manufacturer of fighters over the course of the next decade. In 1925, Boeing built its Model 40 mail plane for the U. S. government to use on airmail routes. In 1927, an improved version of this plane was built, the Model 40A which won the U. S. Post Office's contract to deliver mail between San Chicago; the 40A had a passenger cabin that accommodated two. That same year, Boeing created an airline named Boeing Air Transport, which merged a year with Pacific Air Transport and the Boeing Airplane Company.
The first airmail flight for the airline was on July 1, 1927. In 1929 the company merged with Pratt & Whitney, Hamilton Aero Manufacturing Company, Chance Vought under the new title United Aircraft and Transport Corporation; the merge was followed by the acquisition of the Sikorsky Manufacturing Corporation, Stearman Aircraft Corporation, Standard Metal Propeller Company. United Aircraft purchased National Air Transport in 1930. On July 27, 1928, the 12-passenger Boeing 80 biplane made its first flight. With three engines, it was Boeing's first plane built with the sole intention of being a passenger transport. An upgraded version, the 80A, carrying eighteen passengers, made its first flight in September 1929. In the early 1930s Boeing became a leader in all-metal aircraft construction, in the design revolution t
Data storage is the recording of information in a storage medium. DNA and RNA, phonographic recording, magnetic tape, optical discs are all examples of storage media. Recording is accomplished by any form of energy. Electronic data storage requires electrical power to retrieve data. Data storage in a digital, machine-readable medium is sometimes called digital data. Computer data storage is one of the core functions of a general purpose computer. Electronic documents can be stored in much less space than paper documents. Barcodes and magnetic ink character recognition are two ways of recording machine-readable data on paper. A recording medium is a physical material. Newly created information is distributed and can be stored in four storage media–print, film and optical–and seen or heard in four information flows–telephone, radio and TV, the Internet as well as being observed directly. Digital information is stored on electronic media in many different recording formats. With electronic media, the data and the recording media are sometimes referred to as "software" despite the more common use of the word to describe computer software.
With static media, art materials such as crayons may be considered both equipment and medium as the wax, charcoal or chalk material from the equipment becomes part of the surface of the medium. Some recording media may be temporary either by nature. Volatile organic compounds may be used to preserve the environment or to purposely make data expire over time. Data such as smoke signals or skywriting are temporary by nature. Depending on the volatility, a gas or a liquid surface such as a lake would be considered a temporary recording medium if at all. A 2003 UC Berkeley report estimated that about five exabytes of new information were produced in 2002, that 92% of this data was stored on hard disk drives; this was about twice the data produced in 2000. The amount of data transmitted over telecommunication systems in 2002 was nearly 18 exabytes—three and a half times more than was recorded on non-volatile storage. Telephone calls constituted 98% of the telecommunicated information in 2002; the researchers' highest estimate for the growth rate of newly stored information was more than 30% per year.
It has been estimated that the year 2002 was the beginning of the digital age for information storage: an age in which more information is stored on digital storage devices than on analog storage devices. In 1986 1% of the world's capacity to store information was in digital format; these figures correspond to less than three compressed exabytes in 1986, 295 compressed exabytes in 2007. The quantity of digital storage doubled every three years. In a more limited study, the International Data Corporation estimated that the total amount of digital data in 2007 was 281 exabytes, that the total amount of digital data produced exceeded the global storage capacity for the first time. A study published in 2011 estimated that the world's technological capacity to store information in analog and digital devices grew from less than three exabytes in 1986, to 295 exabytes in 2007, doubles every three years. Data storage portal Bennett, John C.. "'JISC/NPO Studies on the Preservation of Electronic Materials: A Framework of Data Types and Formats, Issues Affecting the Long Term Preservation of Digital Material".
British Library Research and Innovation Report 50. History of Computer Storage from 1928 to 2013 History of Computer Data Storage History of Storage from Cave Paintings to Electrons The Evolution of Data Storage
North Las Vegas, Nevada
North Las Vegas is a city in Clark County, United States, in the Las Vegas Valley. As of the 2010 census it had a population of 216,961, with an estimated population of 249,180 in 2017; the city was incorporated on May 16, 1946. It is the fourth largest city in the state of Nevada. Located in the southwestern United States in the Mojave Desert, North Las Vegas sits north and east of Las Vegas. According to the United States Census Bureau, North Las Vegas has a total area of 101.4 square miles, of which 0.04 square miles, or 0.04%, is water. In the Las Vegas Valley, several mountain ranges are nearby. Due to its location within the Mojave Desert, North Las Vegas has a desert climate. Temperatures are mild in the winter and hot in the summer. Like most of the hot deserts of the United States, snowfall only occurs once every few years on average. In winter, temperatures fall below freezing. In the summer, monsoons can reach the area; as of the 2000 census, there were 115,488 people, 34,018 households, 27,112 families residing in the city.
The population density was 1,471.0 people per square mile. There were 36,600 housing units at an average density of 466.2 per square mile. The racial makeup of the city was 55.93% White, 19.02% African American, 0.82% Native American, 3.24% Asian, 0.53% Pacific Islander, 15.78% from other races, 4.68% from two or more races. 37.61 % were Latino of any race. There were 34,018 households out of which 47.8% had children under the age of 18 living with them, 57.3% were married couples living together, 15.2% had a female householder with no husband present, 20.3% were non-families. 13.6% of all households were made up of individuals and 3.2% had someone living alone, 65 years of age or older. The average household size was 3.36 and the average family size was 3.67. In the city the population was spread out with 33.9% under the age of 18, 9.6% from 18 to 24, 34.3% from 25 to 44, 16.4% from 45 to 64, 5.8% who were 65 years of age or older. The median age was 29 years. For every 100 females, there were 104.3 males.
For every 100 females age 18 and over, there were 103.1 males. The median income for a household in the city was $46,057, the median income for a family was $46,540. Males had a median income of $32,205 versus $25,836 for females. About 11.8% of families and 14.8% of the population were below the poverty line, including 19.6% of those under age 18 and 8.8% of those age 65 or over. The United States Census Bureau listed North Las Vegas, as well as the Las Vegas metropolitan area, as one of the fastest growing regions in the United States. At the census of 2010, there were 216,961 people residing in North Las Vegas; the racial makeup was 47.4% White, 19.9% African American, 0.8% Native American, 6.3% Asian, 0.8% Pacific Islander, 5.8% from two or more races. Hispanic or Latino of any race were 38.8% of the population and 31.2% of the population was non-Hispanic White. Bigelow Aerospace is headquartered in North Las Vegas. Traditionally, manufacturing and warehouse distribution companies have dominated the local market.
However, high-tech businesses, including solar and green technology, custom manufacturing facilities are moving to North Las Vegas. Amazon plans to open a new fulfillment center in North Las Vegas, which will join an existing facility in the city. Florence McClure Women's Correctional Center, Nevada's only female correctional facility, is located in North Las Vegas. Master-planned communities in the city include Eldorado; the Apex industrial Park is now a part of the city as well. North Las Vegas has many Medical/Recreational Marijuana Dispensery's and opened the first 24 Hour Dispensery in the Las Vegas Valley; the city of North Las Vegas provides recreational amenities and fire protection, water and wastewater services. The city, incorporated in 1946, encompasses 262.6 square kilometres. The city operates with a mayor and four council members; the mayor is elected at large. The city has two municipal judges; the city manager and city attorney are report to the City Council. The city manager's administration consists of an Economic Development Division, Strategic Planning Division, community Outreach Division and Marketing Division and the following departments: Administrative Services, City Clerk, Community Services and Development, Fire, Human Resources, Public Works, the North Las Vegas Library District, Utilities.
The City of North Las Vegas operates an extensive system of open spaces and leisure services. The city maintains 34 parks totaling more than 475 acres of developed park land. Six of the city's parks feature water amenities, including pools and spray pads; the city runs two recreation centers, Neighborhood Recreation Center and Silver Mesa Recreation Center that each offer a full array of recreational and fitness classes, a gym and a fitness room. In June 2011 the city opened a third recreation center—SkyView Multi-Generational Recreation Center—focused on mufti-generational fitness and recreation, it is operated by the YMCA under contract to provide quality amenities and programs for residents of all ages. North Las Vegas park officials completed 10 miles of regional trails along the Lower Las Vegas Wash and along the Upper Las Vegas Wash; these paved trails connect with Southern Nevada's Neon to Nature regional trail system, used for hiking and leisurely strolls. The North Las Vegas Library District operates three full-serv
Abbott Laboratories is an American health care company with headquarters in Lake Bluff, United States. The company was founded by Chicago physician Wallace Calvin Abbott in 1888 to formulate known drugs, it split off the research-based pharmaceuticals into AbbVie in 2013. In 2017, revenues were $27.39 billion. Abbott has a broad range of branded generic pharmaceuticals, medical devices and nutrition products; the company's in-vitro diagnostics business performs immunoassays and blood screening. Its medical tests and diagnostic instrument systems are used worldwide by hospitals, blood banks, physician offices to diagnose and monitor diseases such as HIV, cancer, heart failure and metabolic disorders, as well as assess other indicators of health. In 1985, the company developed the first HIV blood-screening test. Abbott Point-of-Care manufactures diagnostic products for blood analysis to provide health care professionals diagnostics information at the point of patient care. Abbott provides point-of-care cardiac assays to the emergency department.
In 1888 at the age of 30, Wallace Abbott, an 1885 graduate of the University of Michigan, founded the Abbott Alkaloidal Company in Ravenswood, Chicago. At the time, he owned a drug store, his innovation was the use of the active part of a medicinal plant an alkaloid, which he formed into tiny "dosimetric granules". This approach was successful since it produced more effective dosages for patients. In 1922 he moved the company from Ravenswood to Illinois. Abbott's first international affiliate was in London in 1907, the company added an affiliate in Montreal, Canada. Abbott started operations in Pakistan as a marketing affiliate in 1948. Two manufacturing facilities located at Landhi and Korangi in Karachi continue to produce pharmaceutical products. Expansion continued in 1962 when Abbott entered into a joint venture with Dainippon Pharmaceutical Co. Ltd. of Osaka, Japan, to manufacture radio-pharmaceuticals. In 1964, it merged with Ross Laboratories, making Ross a wholly owned subsidiary of Abbott, Richard Ross gained a seat on Abbott's board of directors until his retirement in 1983.
In 1965, Abbott's expansion in Europe continued with offices in France. Abbott Laboratories has been present in India for over 100 years through its subsidiary Abbott India Limited and it is India's largest healthcare products company.. According to Harvard professor Lester Grinspoon and Peter Hedblom, "In 1966 Abbott Laboratories sold the equivalent of two million doses of methamphetamine in powder form to a Long Island criminal dealer". In 2001, the company acquired Knoll, the pharmaceutical division of BASF. In 2002, it divested the Selsun Blue brand to Chattem. In 2002, the company sold Clear Eyes and Murine to Prestige Brands. In 2004, it spun off its hospital products division into a new 14,000 employee company named Hospira, acquired TheraSense, a diabetes-care company, which it merged with its MediSense division to become Abbott Diabetes Care. In 2006, Abbott assisted Boston Scientific in its purchase of Guidant Corporation; as part of the agreement, Abbott purchased the vascular device division of Guidant.
In 2007, Ross was renamed Abbott Nutrition. In 2007, Abbott acquired Kos Pharmaceuticals for $3.7 billion in cash. At the time of acquisition, Kos marketed Niaspan, which raises levels of “good,” or HDL, cholesterol and Advicor, a Niaspan combination drug for patients with multiple lipid disorders. In January 2007, the company agreed to sell its in vitro diagnostics and Point-of-Care diagnostics divisions to General Electric for more than $8 billion; these units were slated to be integrated into the GE Healthcare business unit. The transaction was approved by the boards of directors of Abbott and GE and was targeted to close in the first half of 2007. However, on July 11, 2007, Abbott announced that it had terminated its agreement with GE because the parties could not agree on the terms of the deal. On September 8, 2007, the company completed the sale of the UK manufacturing plant at Queenborough to Aesica Pharmaceuticals, a private equity-owned UK manufacturer. No announcements have been made restricting the movement of staff to Abbott unlike other sell outs.
On February 26, 2009, the company completed its acquisition of Advanced Medical Optics based in Santa Ana, California. In 2009, Abbott opened a satellite research and development facility at Research Park, University of Illinois at Urbana-Champaign. In February 2010, Abbott completed its $6.2 billion acquisition of the pharmaceuticals unit of Solvay S. A.. This provided Abbott with a large and complementary portfolio of pharmaceutical products and expanding its presence in key emerging markets. On March 22, 2010, the company completed its acquisition of a Hollywood, Florida-based LIMS company STARLIMS. Under the terms of the deal, Abbott Laboratories acquired the company for $14 per share in an all-cash transaction valued at $123 million. On May 21, 2010, Abbott Laboratories said it would buy Piramal Healthcare Ltd.'s Healthcare Solutions unit for $2.2 billion to become the biggest drug company in India. In October 2011, the company announced that it planned to separate into two companies, one research-based pharmaceuticals and the other in medical devices, generic drugs sold internationally, consumer products, with device company retaining the Abbott name.
The company announced that the other company would be named AbbVie in March
Microsoft Corporation is an American multinational technology company with headquarters in Redmond, Washington. It develops, licenses and sells computer software, consumer electronics, personal computers, related services, its best known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers; as of 2016, it is the world's largest software maker by revenue, one of the world's most valuable companies. The word "Microsoft" is a portmanteau of "microcomputer" and "software". Microsoft is ranked No. 30 in the 2018 Fortune 500 rankings of the largest United States corporations by total revenue. Microsoft was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800, it rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows.
The company's 1986 initial public offering, subsequent rise in its share price, created three billionaires and an estimated 12,000 millionaires among Microsoft employees. Since the 1990s, it has diversified from the operating system market and has made a number of corporate acquisitions, their largest being the acquisition of LinkedIn for $26.2 billion in December 2016, followed by their acquisition of Skype Technologies for $8.5 billion in May 2011. As of 2015, Microsoft is market-dominant in the IBM PC-compatible operating system market and the office software suite market, although it has lost the majority of the overall operating system market to Android; the company produces a wide range of other consumer and enterprise software for desktops and servers, including Internet search, the digital services market, mixed reality, cloud computing and software development. Steve Ballmer replaced Gates as CEO in 2000, envisioned a "devices and services" strategy; this began with the acquisition of Danger Inc. in 2008, entering the personal computer production market for the first time in June 2012 with the launch of the Microsoft Surface line of tablet computers.
Since Satya Nadella took over as CEO in 2014, the company has scaled back on hardware and has instead focused on cloud computing, a move that helped the company's shares reach its highest value since December 1999. In 2018, Microsoft surpassed Apple as the most valuable publicly traded company in the world after being dethroned by the tech giant in 2010. Childhood friends Bill Gates and Paul Allen sought to make a business utilizing their shared skills in computer programming. In 1972 they founded their first company, named Traf-O-Data, which sold a rudimentary computer to track and analyze automobile traffic data. While Gates enrolled at Harvard, Allen pursued a degree in computer science at Washington State University, though he dropped out of school to work at Honeywell; the January 1975 issue of Popular Electronics featured Micro Instrumentation and Telemetry Systems's Altair 8800 microcomputer, which inspired Allen to suggest that they could program a BASIC interpreter for the device. After a call from Gates claiming to have a working interpreter, MITS requested a demonstration.
Since they didn't yet have one, Allen worked on a simulator for the Altair while Gates developed the interpreter. Although they developed the interpreter on a simulator and not the actual device, it worked flawlessly when they demonstrated the interpreter to MITS in Albuquerque, New Mexico. MITS agreed to distribute it, marketing it as Altair BASIC. Gates and Allen established Microsoft on April 4, 1975, with Gates as the CEO; the original name of "Micro-Soft" was suggested by Allen. In August 1977 the company formed an agreement with ASCII Magazine in Japan, resulting in its first international office, "ASCII Microsoft". Microsoft moved to a new home in Bellevue, Washington in January 1979. Microsoft entered the operating system business in 1980 with its own version of Unix, called Xenix. However, it was MS-DOS. After negotiations with Digital Research failed, IBM awarded a contract to Microsoft in November 1980 to provide a version of the CP/M OS, set to be used in the upcoming IBM Personal Computer.
For this deal, Microsoft purchased a CP/M clone called 86-DOS from Seattle Computer Products, which it branded as MS-DOS, though IBM rebranded it to PC DOS. Following the release of the IBM PC in August 1981, Microsoft retained ownership of MS-DOS. Since IBM had copyrighted the IBM PC BIOS, other companies had to reverse engineer it in order for non-IBM hardware to run as IBM PC compatibles, but no such restriction applied to the operating systems. Due to various factors, such as MS-DOS's available software selection, Microsoft became the leading PC operating systems vendor; the company expanded into new markets with the release of the Microsoft Mouse in 1983, as well as with a publishing division named Microsoft Press. Paul Allen resigned from Microsoft in 1983 after developing Hodgkin's disease. Allen claimed that Gates wanted to dilute his share in the company when he was diagnosed with Hodgkin's disease because he didn't think he was working hard enough. After leaving Microsoft, Allen lost billions of dollars on ill-conceived or mistimed technology investments.
He invested in low-tech sectors, sports teams, commercial real estate. Despite having begun jointly developing a new operating system, OS/2, with IBM in