The Truth:
The eRumor is
true. The picture is posted on Bill Gates' bio page on the
Microsoft site and was taken on December 7, 1978. It was taken in
Albuquerque, New Mexico before the company moved to California.

The top row is Steve Wood, Bob Wallace,
Jim Lane. Middle row: Bob O'Rear, Bob Greenberg, Marc McDonald, Gordon
Letwin. Bottom row: Bill Gates, Andrea Lewis, Marla Wood, Paul Allen.
It goes without saying that if you had invested in Microsoft at that
time, you'd be among the company of people who became rich as a result.