What's behind name, "Microsoft"

Did you ever thought that Bill Gates named their company as "Microsoft"?.. it was a billion dollar question to me all these days. At the early days when Bill is forming his company along with his friends, sought recommendations for a good and fancy name. Every one gave their won stylish and trendy names. They are not ready till their first cheque is due to them. While Steve Balmer is talking about a product that is the brain child of Bill, mentioned as ".. it is a SOFTware for MICROprocessors .. ", these words lead the idea to name their company as Microsoft. And the rest is history and preset.

Does any has proof to violate this information??

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