What Happened on May 26th

Gates Declares Internet "Most Important Single Development"

Realizing his company had missed the boat in estimating the impact and popularity of the Internet, Microsoft Corp. CEO Bill Gates issued a memo titled, "The Internet Tidal Wave," which signaled the company's renewed focus on that arena. In the memo, Gates declared that the Internet was the "most important single development" since the IBM personal computer -- a development that he was assigning "the highest level of importance."