Originally designed for the Macintosh computer, the initial release was called "Presenter", developed by Dennis Austin and Thomas Ruskin of Forethought, Inc. In 1987, it was renamed to "PowerPoint" due to problems with trademarks, the idea for the name coming from Robert Gaskins. In August of the same year, Forethought was bought by Microsoft for $14 million USD ($29.1 million in present-day terms), and became Microsoft's Graphics Business Unit, which continued to develop the software further. PowerPoint was officially launched on May 22, 1990, the same day that Microsoft released Windows 3.0.